US Futures Mixed Amid Sector Rotation
US stock futures were mixed on Thursday as technology stocks remained under pressure from fears of tighter regulation of data centers under Democrats following their decisive victory in the US midterm election, while investors rotated into other sectors. Market participants also evaluated the latest corporate earnings, with AppLovin soaring 20% in after-hours trading after delivering stronger-than-expected quarterly results and optimistic guidance, while Qualcomm dropped over 7% despite posting better-than-expected earnings. During Wednesday's regular session, the Dow Jones Industrial Average jumped 3.03%, gaining 1,569 points to reach a two-month high, while the S&P 500 and Nasdaq Composite rose 1.58% and 1.44%, respectively. Consumer discretionary, financial and real estate stocks led the advances, while energy and industrial shares underperformed. Investors now turn their attention to Thursday's earnings reports from companies including ConocoPhillips, Kimberly-Clark and Airbnb.
US stock futures were mixed on Thursday as technology stocks remained under pressure from fears of tighter regulation of data centers under Democrats following their decisive victory in the US midterm election, while investors rotated into other sectors. Market participants also evaluated the latest corporate earnings, with AppLovin soaring 20% in after-hours trading after delivering stronger-than-expected quarterly results and optimistic guidance, while Qualcomm dropped over 7% despite posting better-than-expected earnings.
During Wednesday's regular session, the Dow Jones Industrial Average jumped 3.03%, gaining 1,569 points to reach a two-month high, while the S&P 500 and Nasdaq Composite rose 1.58% and 1.44%, respectively. Consumer discretionary, financial and real estate stocks led the advances, while energy and industrial shares underperformed. Investors now turn their attention to Thursday's earnings reports from companies including ConocoPhillips, Kimberly-Clark and Airbnb.