Wall Street pointed mostly higher in premarket trading Thursday while more corporate earnings poured in, the Associated Press reports. Futures for the S&P 500 rose 0.3% before the bell, while futures for the technology-heavy Nasdaq climbed 0.5%, and Dow Jones Industrial futures ticked down 0.1%.
Major U.S. airline stocks fell after an American Airlines plane collided with an Army helicopter and fell into the Potomac River just outside of Washington late Wednesday night. Shares of American were down 3.8%. Southwest Airlines shares declined 2%.
Meta Platforms, the parent company of Facebook, rose 1.6% after posting sharply higher profit and revenue for its fourth quarter.
Tesla jumped 3.2% after CEO Elon Musk told analysts on a conference call that the company was on track to offer unsupervised “full self-driving” technology to its customers as a paid service starting in Austin in June.
Microsoft dropped 4% after it fell short of projections for its closely-watched cloud computing business, a centerpiece of its AI efforts.
United Parcel Service slumped 13.5% after the package delivery company beat analyst profit projections but fell short on sales.
Benchmark U.S. crude gained 10 cents to $72.72 per barrel. Brent crude, the international standard, also rose by a dime, to $75.71 per barrel.
The U.S. dollar cost 154.16 Japanese yen, down from 155.24 yen.
