Stock futures rose in overnight trading Thursday, as optimism over economic recovery grows amid strong labor market data. Futures on the Dow Jones Industrial Average gained 123 points, or 0.36%. S&P 500 futures ticked 0.27% higher. Nasdaq-100 futures rose 0.19%.
Salesforce shares gained roughly 5% in extended trading Thursday after the software company’s first-quarter earnings beat Wall Street expectations on its top and bottom lines. HP shares fell 5% despite the company’s better-than-expected second-quarter results. The Dow Jones Industrial Average climbed 141.59 points in regular trading, while the S&P 500 edged 0.1% higher. The Nasdaq Composite closed flat.
Shares of Boeing gained nearly 4% amid optimism about the recovery economy. First-time jobless claims fell to a new pandemic low of 406,000, according to Labor Department data. The major indexes are on track to close higher this week. The S&P 500 is up 1.08% week to date. The blue-chip Dow is 0.75% higher over the same time period, while the Nasdaq has gained nearly 2%. The moves higher this week come as investor monitor the back-and-forth in Washington over a comprehensive infrastructure package that could further boost the economic recovery.
Source: FXPro