U.S. stock futures rose in overnight trading Wednesday as investors weighed the latest corporate earnings reports, including strong results from Meta Platforms.
S&P 500 futures gained 0.5%, while Nasdaq-100 futures jumped nearly 0.9%. Futures tied to the Dow Jones Industrial Average added 65 points, or 0.1%.
In extended trading, Meta Platforms rallied 7% on stronger-than-expected second-quarter results and upbeat guidance. Arm Holdings shed 10% after offering an underwhelming current-quarter guide.
Stocks are coming off a winning session that saw the S&P 500 rally 1.58% for its best day since February. The Nasdaq Composite surged 2.64%, while the Dow Jones Industrial Average added 99.46 points, or 0.24%.
Those gains came as Fed Chair Jerome Powell signaled that the central bank could cut at its next meeting if the data continues supporting the narrative that inflation is easing. The Federal Reserve held interest rates steady.
Source : CNBC
