United States stock futures were little changed on Wednesday night (Thursday AEDT) after major averages rebounded in the regular session.
By 10:40 am AEDT (11:40 pm GMT), futures tied to the Dow Jones Industrial Average were flat, while S&P 500 futures and Nasdaq 100 futures edged 0.1% higher.
In extended trading, Okta rose 1.8% after surpassing fourth-quarter expectations, posting adjusted earnings per share (EPS) of $0.90 on revenue of $761 million, ahead of forecasts for $0.85 per share on $749.52 million in revenue.
Broadcom advanced 4.4% after reporting revenue growth of 29% year on year. The chipmaker delivered adjusted earnings per share of $2.05 on revenue of $19.31 billion, exceeding consensus estimates of $2.03 and $19.26 billion, respectively.
Veeva Systems surged 12.4% after the cloud solutions provider posted stronger-than-expected fourth-quarter results. The company reported earnings per share of $2.06, beating expectations of $1.94, while revenue of $835.95 million topped the $810.67 million consensus forecast.
By contrast, American Eagle slipped 2.6% despite delivering earnings and revenue ahead of estimates, supported by growth in its Aerie brand, but flagged an underwhelming full-year outlook, tariff-related margin pressure and a 10% increase in year-end inventory.
Wall Street’s gains on Wednesday were led by technology and semiconductor stocks. The Dow climbed 0.5%, the S&P 500 rose 0.8%, while the tech-heavy Nasdaq Composite advanced 1.3%.
Investor anxiety over potential disruptions to regional oil and gas supplies subsided after Donald Trump said on Tuesday that the United States was preparing to provide risk insurance and naval escorts to vessels transiting the Persian Gulf, aiming to keep traffic flowing through the Strait of Hormuz.
Defence Secretary Pete Hegseth told reporters on Wednesday that the US was “winning decisively” in its conflict with Iran and that additional forces were being deployed to the region.
Separately, Treasury Secretary Scott Bessent said Trump’s recently announced 15% global tariff was likely to take effect this week, keeping trade policy in focus for markets.
Looking ahead, investors are awaiting earnings reports due on Thursday morning from Kroger, Burlington and BJ's Wholesale. After the closing bell, results are expected from Costco and Marvell Technology.
