US Futures Steady After Election Rally
US stock futures were little changed on Thursday after major indexes posted strong gains in the previous session, as a Democratic sweep in the midterm elections triggered a sharp decline in oil prices amid hopes of an end to the Middle East conflict. Investors also assessed the latest corporate earnings, with AppLovin jumping more than 20% in after-hours trading following stronger-than-expected quarterly results and positive guidance, while Qualcomm fell over 7% despite reporting better-than-expected earnings. During Wednesday's regular session, the Dow surged 3.03%, adding 1,569 points to reach a two-month high, while the S&P 500 and Nasdaq Composite advanced 1.58% and 1.44%, respectively. Consumer discretionary, financial and real estate shares led the gains, whereas energy and industrial stocks lagged. Market participants now await Thursday's earnings releases from companies including ConocoPhillips, Kimberly-Clark and Airbnb.
US stock futures were little changed on Thursday after major indexes posted strong gains in the previous session, as a Democratic sweep in the midterm elections triggered a sharp decline in oil prices amid hopes of an end to the Middle East conflict. Investors also assessed the latest corporate earnings, with AppLovin jumping more than 20% in after-hours trading following stronger-than-expected quarterly results and positive guidance, while Qualcomm fell over 7% despite reporting better-than-expected earnings.
During Wednesday's regular session, the Dow surged 3.03%, adding 1,569 points to reach a two-month high, while the S&P 500 and Nasdaq Composite advanced 1.58% and 1.44%, respectively. Consumer discretionary, financial and real estate shares led the gains, whereas energy and industrial stocks lagged. Market participants now await Thursday's earnings releases from companies including ConocoPhillips, Kimberly-Clark and Airbnb.