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An economist from Oxford University explains how the trade war has injected uncertainty into the market.
U.S. stock futures point to a higher open, with strong earnings after Wednesday’s market close from Facebook parent Meta and software giant Microsoft providing some underlying support.
Meta topped revenue expectations in the first three months of the year, while Microsoft beat with both profits and sales during its fiscal third quarter. Microsoft also gave upbeat guidance.
More earnings are on tap, including from CVS Health, Eli Lilly and McDonald’s in the morning and Apple and Amazon in the afternoon.
Futures linked to the blue-chip Dow rose 0.83%, broad S&P 500 futures added 1.26% and tech-heavy Nasdaq gained 1.77%.
Corporate news
Aside from Microsoft and Meta, other stocks to watch include:
- Ecommerce giant Amazon said it will spend $4 billion by the end of 2026 on expanding deliveries to small towns in rural America.
- Qualcomm’s fiscal second quarter results topped analysts’ forecasts, but its revenue outlook for the current quarter just fell short of expectations.
- Tesla’s board reportedly has opened a search for a new chief executive to replace Elon Musk.
Medora Lee is a money, markets, and personal finance reporter at USA TODAY. You can reach her at mjlee@usatoday.com and subscribe to our free Daily Money newsletter for personal finance tips and business news every Monday through Friday morning.
