Dow Jones Today: Stock Futures Mixed After Jobless Claims As Earnings Remain in Focus
Stock futures were mixed Thursday as jobless claims figures helped pull the major U.S. stock indexes up from earlier lows and investors remained focused on earnings.
Futures tied to the Dow Jones Industrial Average, which is on a six-session winning streak, were down 01.% about 45 minutes before the opening bell, while those connected to the S&P 500 were down fractionally and to the Nasdaq Composite up 0.1%.
Over the past week, stocks have been supported—and Treasury yields have moved lower—by hopes that economic data will show a reduction in inflationary pressures that could allow the Federal Reserve to consider cutting interest rates.
The economic data calendar has been light this week, providing few opportunities for market participants to read the tea leaves on possible future Fed action. On Thursday, weekly jobless claims came in hotter than expected, which helped futures come off their earlier lows and pushed the 10-Year Treasury yield below 4.5%.
Earnings remain in focus, and there were a handful of big movers after reporting quarterly results.
Warner Bros. Discovery (WBD) stock is down about 2.5% in premarket trading after it reported quarterly results that missed estimates.
Arm Holdings (ARM) was down 6% after the British semiconductor chip designer’s better-than-expected results for the fiscal fourth quarter were overshadowed by its weak guidance for fiscal 2025.
Shares of Airbnb (ABNB) slid 8% after the company issued a weaker-than-expected current-quarter outlook, overshadowing its first-quarter earnings and revenue that came in ahead of analysts’ expectations.
Major Stock Index Mixed
48 minutes ago
Futures contracts connected to the Dow Jones Industrial Average were down 0.1%
S&P 500 futures were down fractionally.
Nasdaq 100 futures were up 0.1% about 45 minutes before the opening bell.