From Nasdaq, Inc.:

U.S. stock futures suggest a subdued start for Wall Street on Thursday, with the Dow potentially finding support from Walt Disney Co.’s premarket rally following a strong earnings report. Oil continues to rise, potentially lifting energy stocks. Market looks ahead to jobless claims report for labor market insights.

U.S. stocks surged to record highs on Wednesday, with the Dow and S&P 500 closing at records. Nine of 11 S&P 500 sectors closed higher, led by IT, consumer discretionary, and communication services. The Nasdaq hit a 25-month high, and the Nasdaq 100 reached a new peak.

Analysts predict that the market breadth will likely improve, with earnings growth for S&P 500 companies set to change course. Economic data includes the weekly jobless claims report and the wholesale inventories report for December.

Shares of Confluent, Inc. and Arm Holdings plc. jumped over 25% each in premarket trading following their quarterly results announcement. Other stocks moving on earnings are Monolithic Power Systems, Inc., PayPal Holdings, Inc., and Wynn Resorts Limited. Several major companies are set to report ahead of the market open and after the close.

Crude oil futures rose 0.84% to $74.48 in early European session on Thursday, adding to the gains earlier in the week. The benchmark 10-year Treasury note rose to 4.123% on Thursday. Asian stocks ended Thursday’s session mixed, with China extending its gains and Japan’s Nikkei 225 average rising to fresh 34-year highs. Major European markets are trading in the green.



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