U.S. stock futures traded slightly lower on Thursday, following a positive session yesterday, with S&P 500 (SPX) hitting an intraday record high. Meanwhile, futures on the Nasdaq 100 (NDX), the Dow Jones Industrial Average (DJIA), and the S&P 500 were down 0.45%, 0.04%, and 0.2%, respectively, at 3:14 a.m. EST, January 23.
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In yesterday’s session, the S&P 500 closed 0.61% higher, falling just short of a record close and extending its winning streak to three sessions. At the same time, other major indices such as the Dow Jones and the Nasdaq Composite also ended the day higher by 0.3% and 1.28%, respectively. Wall Street’s positive investor sentiment was boosted by hopes of potential tax cuts and deregulation under President Donald Trump, along with signs of steady economic growth.
On the earnings front, the fourth-quarter earnings season has kicked off strong, with Netflix (NFLX) stock rising over 9% in Wednesday’s trading following impressive Q4 results. Similarly, Alaska Air (ALK) saw gains in after-hours trading after exceeding earnings expectations. However, Halliburton (HAL) stock dipped, impacted by mixed Q4 results and a soft 2025 outlook.
Looking ahead, investors are eyeing earnings reports from major companies, including GE Aerospace (GE), American Airlines (AAL), Intuitive Surgical (ISRG), and Union Pacific (UNP), all of which are set to release their results today.
Meanwhile, the U.S. 10-year treasury yield was up, floating near 4.301%. Simultaneously, WTI crude oil futures are trending lower, hovering near $75.23 per barrel as of the last check.
Elsewhere, European indices opened mixed on Thursday, following a week of positive momentum.
Asia-Pacific Markets Traded Mixed on Thursday
Most of the Asia-Pacific indices were mixed today as investors evaluated a slew of economic data in the region, with Chinese stocks driving the gains.
At the same time, Hong Kong’s Hang Seng Index was down 0.42%. Also, China’s Shenzhen Component index was down 0.49%, but Shanghai Composite index was up 1.37%. Meanwhile, Japan’s Nikkei and Topix indices gained 0.79% and 0.53%, respectively.
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