29.01.202612:15:59UTC+00US Futures Edge Up, Earnings Eyed

U.S. stock futures experienced a slight uptick on Thursday, with contracts for the three major indices rising by nearly 0.1%. Investors were evaluating a new batch of corporate earnings, notably from the technology sector. Meta's stock soared more than 8% in premarket trading after the company provided a sales forecast that surpassed expectations. Tesla saw a 2.7% increase even after revealing a 3% annual revenue decline—the first such decrease in its history—due to better-than-anticipated earnings. IBM's stock climbed almost 10%, and Caterpillar rose by 1.3%, as both companies reported results exceeding projections. Honeywell experienced a modest gain of 1.2%, despite presenting mixed financial results. Meanwhile, Apple increased by 0.7% as it prepares to announce its quarterly earnings later today after the market closes. In contrast, Microsoft shares dropped by 7.5% following the announcement of a slowdown in its cloud computing growth.