Market Overview
U.S. equity futures are higher Thursday morning, driven by strong after-hours earnings from Microsoft and Meta.
S&P 500 E-mini futures are up 1.05% to 6,463.25, Nasdaq 100 futures gained 1.39% to 23,808.00, and Dow futures rose 0.40% to 44,813.
Microsoft surged 8% after reporting stronger-than-expected results and Azure annual revenue above $75 billion. Meta jumped 11% on an upbeat Q3 revenue forecast.
On Wednesday, the S&P 500 slipped 0.12%, the Dow fell 0.38%, and the Nasdaq gained 0.15%.
The Fed held rates steady at 4.25%–4.50%, but Chair Powell gave no signal of easing in the near term. Two Fed governors dissented, citing disagreement with the pause. Sentiment turned cautious as valuations remain stretched following six consecutive record closes.
A late announcement from President Trump confirming a trade deal with South Korea, capping tariffs at 15% ahead of Friday’s deadline, also helped support risk appetite.
Key Economic Releases
All times GMT
- 11:30 – Challenger Job Cuts y/y: Previous -1.6%
• 12:30 – Core PCE Price Index m/m: Forecast 0.3% | Previous 0.2%
• 12:30 – Employment Cost Index q/q: Forecast 0.8% | Previous 0.9%
• 12:30 – Unemployment Claims: Forecast 222K | Previous 217K
• 12:30 – Personal Income m/m: Forecast 0.2% | Previous -0.4%
• 12:30 – Personal Spending m/m: Forecast 0.4% | Previous -0.1%
• 13:45 – Chicago PMI: Forecast 41.9 | Previous 40.4
• 14:30 – Natural Gas Storage: Forecast +37B | Previous +23B
Notable Earnings
Before the Open
Dow Jones Price Forecast
Every new Dow Jones analysis as it publishes, today's technical signal and key levels, live price — on one page.
See all Dow Jones forecasts- AbbVie (ABBV): $2.65
• AGCO Corp (AGCO): $2.53
• Air Products (APD): $3.20
• Alamos (AGI): $0.24
• Allegro Microsystems (ALGM): $0.03
• Alnylam Pharma (ALNY): -$0.13
• Ametek (AME): $1.66
• Amicus Therapeutics (FOLD): -$0.05
• Anheuser-Busch InBev (BUD): $0.90
• APi Group (APG): $0.49
• Aptiv (APTV): $1.58
• ArcelorMittal (MT): $0.63
• Arrow Electronics (ARW): $2.78
• ATI Inc. (ATI): $0.60
• Autohome (ATHM): $4.71
• Balchem (BCPC): $1.09
• Baxter (BAX): $0.68
• Belden (BDC): $1.51
• BigCommerce (BIGC): $0.05
• Biogen (BIIB): $5.28
• BorgWarner (BWA): $1.19
• Bristol-Myers (BMY): $2.07
• Brookfield Infrastructure (BIP): $0.77
• Builders FirstSource (BLDR): $3.50
• California Water (CWT): $0.70
• Cameco (CCJ): $0.14
• Canada Goose (GOOS): $0.78
• Carpenter Tech (CRS): $1.82
• Chart Industries (GTLS): $2.18
• CMS Energy (CMS): $0.66
• Colliers (CIGI): $1.36
• Comcast (CMCSA): $1.21
• Cullen/Frost (CFR): $2.21
• CVS Health (CVS): $1.83
• Donnelley Financial (DFIN): $1.47
• DT Midstream (DTM): $0.98
• EMCOR Group (EME): $5.25
• Euronet (EEFT): $2.25
• Exelon (EXC): $0.47
• Genesis Energy, L.P. (GEL): -$0.25
• GFL Environmental (GFL): $0.29
• HF Sinclair (DINO): $0.78
• Hilton Grand Vacations (HGV): $0.62
• Howmet Aerospace (HWM): $0.67
• Huntington Ingalls (HII): $4.38
• IdaCorp (IDA): $1.71
• Insight Enterprises (NSIT): $2.46
• Int’l Paper (IP): $0.55
• Integra (IART): $0.63
• Intercontinental Exchange (ICE): $1.52
• InterDigital (IDCC): $4.57
• Itron (ITRI): $1.21
• ITT (ITT): $1.49
• Janus Henderson Group (JHG): $0.85
• KBR (KBR): $0.83
• Kellanova (K): $1.01
• Kimco Realty (KIM): $0.41
• Kinross Gold (KGC): $0.14
• Kirby (KEX): $1.43
• KKR (KKR): $1.09
• Laureate Education (LAUR): $0.83
• Lightspeed (LSPD): $0.10
• Lincoln Electric (LECO): $2.34
• Lincoln National (LNC): $1.84
• Mastercard (MA): $3.50
• Methanex (MEOH): $0.62
• MGP Ingredients (MGPI): $1.71
• Norwegian Cruise Line (NCLH): $0.40
• Oil States (OIS): $0.07
• Omnicell (OMCL): $0.51
• Patrick Industries (PATK): $2.16
• PBF Energy (PBF): -$0.54
• Peabody Energy (BTU): $1.42
• PG&E (PCG): $0.31
• PPL Corp (PPL): $0.38
• Protolabs (PRLB): $0.38
• Quanta Services (PWR): $1.90
• Roblox (RBLX): -$0.32
• S&P Global (SPGI): $4.04
• Sanofi (SNY): $1.73
• Schneider National (SNDR): $0.21
• Shake Shack (SHAK): $0.27
• Sirius XM (SIRI): $0.08
• Southern (SO): $1.10
• Stagwell (STGW): $0.14
• TC Energy (TRP): $0.94
• Teleflex (TFX): $3.42
• Terex (TEX): $2.16
• The Cigna Group (CI): $6.72
• TreeHouse Foods (THS): $0.29
• Trinity Industries (TRN): $0.66
• Upbound Group (UPBD): $1.04
• Utz Brands (UTZ): $0.19
• Valaris (VAL): $1.26
• Vericel (VCEL): -$0.10
• Vontier (VNT): $0.63
• Vulcan Materials (VMC): $2.35
• Wesco (WCC): $3.21
• Willis Towers Watson (WTW): $2.55
• Xcel Energy (XEL): $0.54
• XPO, Inc. (XPO): $1.12
• Xylem (XYL): $1.09
After the Close
- Amazon.com (AMZN): $1.32
• Apple Inc. (AAPL): $1.41
• Agree Realty (ADC): $1.04
• Alphatec (ATEC): -$0.29
• Ameren (AEE): $0.97
• American Homes 4 Rent (AMH): $0.45
• AppFolio (APPF): $1.12
• AptarGroup (ATR): $1.37
• Arthur J. Gallagher (AJG): $2.26
• Beazer Homes (BZH): $0.88
• Bio-Rad Labs (BIO): $3.11
• BJ Restaurants (BJRI): $0.72
• Bloom Energy (BE): -$0.06
• Bright Horizons (BFAM): $0.88
• Camden Property (CPT): $1.71
• Casella Waste (CWST): $0.22
• CCC Intelligent Solutions (CCCS): $0.09
• Clorox (CLX): $1.82
• Cloudflare (NET): $0.20
• Cohu (COHU): -$0.01
• Coinbase Global (COIN): $0.14
• Columbia Sportswear (COLM): -$0.20
• Cousins Prop (CUZ): $0.68
• CubeSmart (CUBE): $0.64
• Dolby Labs (DLB): $0.40
• DXC Technology (DXC): $0.74
• Eastman Chemical (EMN): $2.15
• Edison (EIX): $1.23
• El Pollo Loco (LOCO): $0.26
• Enovix (ENVX): -$0.14
• Envista (NVST): $0.11
• Essential Utilities (WTRG): $0.28
• Eversource Energy (ES): $0.95
• eXp World Holdings (EXPI): $0.08
• Exponent (EXPO): $0.57
• Federated Hermes (FHI): $0.96
• First Solar (FSLR): $3.25
• Five9 (FIVN): $0.52
• Floor & Decor (FND): $0.52
• Fortune Brands Innovations (FBIN): $1.16
• Grid Dynamics (GDYN): $0.08
• Healthcare Realty (HR): $0.38
• Hercules Capital (HTGC): $0.51
• Hub Group (HUBG): $0.47
• Huntsman (HUN): $0.14
• Huron Consulting (HURN): $1.68
• ICF International (ICFI): $1.69
• Illumina (ILMN): $0.36
• Ingersoll-Rand (IR): $0.83
• Innodata (INOD): $0.11
• iRhythm (IRTC): -$0.61
• KLA Corporation (KLAC): $6.60
• Leggett & Platt (LEG): $0.29
• LendingTree (TREE): $0.35
• LPL Financial (LPLA): $3.88
• Lumen Technologies (LUMN): -$0.13
• MasTec (MTZ): $0.96
• Matson (MATX): $3.31
• Mettler-Toledo (MTD): $9.65
• MicroStrategy (MSTR): -$5.74
• Monolithic Power (MPWR): $3.17
• Northern Oil & Gas (NOG): $1.46
• Omega Health (OHI): $0.71
• Park Hotels & Resorts (PK): $0.65
• Perdoceo Education (PRDO): $0.60
• Procore Technologies (PCOR): $0.39
• PROS Holdings (PRO): $0.07
• Quaker Chemical (KWR): $2.13
• Reinsurance Group of America (RGA): $5.48
• ResMed (RMD): $2.08
• Rocket Companies (RKT): $0.06
• Roku (ROKU): -$0.24
• Ryan Specialty Group (RYAN): $0.58
• Savers Value Village (SVV): $0.14
• Select Medical (SEM): $0.60
• Skyward Specialty Insurance (SKWD): $0.80
• SM Energy (SM): $1.85
• SPX Technologies (SPXC): $1.42
• Stryker (SYK): $2.81
• Universal Display (OLED): $1.10
• WillScot Mobile Mini (WSC): $0.39
• Workiva (WK): $0.16
• World Kinect Corporation (WKC): $0.48
Technical Outlook
The S&P 500 E-mini futures last traded at 6,463.25. Resistance levels are 6,468.50 and 6,500. Support is at 6,366.75, followed by 6,318.75 and 6,176.3 (50-day moving average). Deeper support lies at 6,017.76 (200-day moving average).
The Nasdaq 100 E-mini futures last traded at 23,808.00. Resistance levels are 23,845.00 and 24,000. Support is at 23,356.50, then 23,108.00, with the 50-day and 200-day moving averages at 22,500.8 and 21,466.64 respectively.
The Dow Jones E-mini futures last traded at 44,813. Resistance levels are 44,852 and 45,312. Support levels are 44,418, then 43,973. The 50-day moving average is at 43,728.0, and the 200-day is at 43,614.0.
Outlook
Bullish momentum is in play after major earnings beats from Microsoft and Meta. Key inflation data at 12:30 GMT will be the next catalyst.
A softer PCE print may reinforce risk-on sentiment, while any upside surprises in inflation or labor costs could weigh on rate-cut expectations and curb upside.
Traders should monitor positioning into Apple and Amazon after the bell.
More Information in our Economic Calendar.
