Wall Street pointed to strong gains before the opening bell today, the Associated Press reports, boosted by technology stocks. Futures for the Dow Jones Industrial Average ticked up 0.1%, futures for the S&P 500 gained 0.7%, and the technology-heavy Nasdaq shot up 1.1%. All were on track to finish the week with gains.
Amazon jumped more than 7% in off-hours trading after the online retailer reported better-than-expected revenue and profits for the fourth quarter.
Meta Platforms, the parent company of Facebook, climbed nearly 17% after the bell Thursday when it reported tripling its profit on sharply higher revenue.
Apple was the most notable laggard, falling 3% even as its latest financial results revealed that the iPhone maker snapped out of a year-long sales slump.
In energy trading, benchmark U.S. crude inched back 5 cents to $73.77 per barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the international standard, lost 3 cents to $78.67 per barrel.
Exxon Mobil and Chevron were mixed in early trading after posting quarterly earnings. Big oil continues to garner massive profits, despite falling crude prices.
In currency trading, the U.S. dollar was little changed at 146.60 Japanese yen, up from 146.43 yen.
