Stock futures are slightly down on Thursday morning following a near-5,000 milestone close to the S&P 500. Despite the dip, Disney shares are up 6% and media giant Arm has jumped 23% after solid quarterly earnings and profit forecasts. Technology has continued to lead the way, with Meta Platforms, Nvidia, and Microsoft all reaching record highs. Overall, the stock market has seen a winning session and a strong fourth-quarter earnings season has boosted confidence in the market.
Following a dip in stock futures, it is expected that investors will keep a close eye on fresh jobless claims data to assess the health of the labor market. Disney shares rose 6% and Arm jumped 23% after strong quarterly earnings reports and profit forecasts, while technology led the market to record highs for major companies like Meta Platforms, Nvidia, and Microsoft. The stock market has seen a strong fourth-quarter earnings season, boosting confidence in the market and driving the S&P 500 towards the 5,000 milestone.
Despite stock futures nudging lower, the market is coming off a winning session as the S&P 500 edges close to the 5,000 milestone. Disney shares surged about 6% and Arm jumped 23% after strong quarterly earnings reports and profit forecasts, and technology stocks have reached record highs. Overall, the healthy fourth-quarter earnings season has boosted investor confidence in the market and the economy’s ability to drive corporate profits.
