The U.S. Stock Market was set to open with gains Thursday, riding a wave of blowout quarterly reports from a technology sector fueled by rising interest in artificial intelligence, the Associated Press reports.
Futures for the S&P 500 were up 0.9% before the opening bell, while Futures for the Dow Jones Industrial Average rose 0.2%. The tech-heavy Nasdaq climbed 1.2%.
Meta, the parent company of Facebook, spiked 11.6% after outstripping Wall Street’s sales and profit targets even as the company pours billions of dollars into AI.
Microsoft shares jumped 8.4% after it posted better results than analysts had expected.
Early Thursday, CVS Health beat Wall Street expectations for the second quarter and raised its full-year forecast, rallying under new management.
In energy trading, U.S. benchmark crude oil fell 46 cents to $69.54 per barrel, while Brent crude, the international standard, lost 53 cents to $71.96 per barrel.
