Dow, S&P 500, and Nasdaq 100 futures rise as tech stocks lead gains before key US economic reports.
US stock futures climbed in early European trading, with the Dow Jones up 0.30% near 49,950, as technology shares extended a rally. The S&P 500 futures gained 0.19% to 7,480, while the Nasdaq 100 rose 0.41% toward 29,600, building on record closes in the prior session.
The gains followed a mixed performance in Wednesday’s regular session, where the Dow slipped 0.14%, the S&P 500 advanced 0.58%, and the Nasdaq 100 surged 1.2%. Strong earnings from Micron Technology, Nvidia, Tesla, Apple, and Alphabet drove the tech sector higher, offsetting concerns over rising inflation.
Investors await April’s US Retail Sales report, due later today, after wholesale inflation data showed the Producer Price Index (PPI) jumped 6.0% year-over-year, exceeding expectations and reinforcing Fed policy uncertainty.