US stock futures showed steady gains before the market opened on Thursday. The Nasdaq 100 led the way with a 0.4% increase after chipmaker TSMC reported strong earnings. Netflix is set to release its first-quarter earnings, marking the beginning of the tech reporting season.
S&P 500 futures rose by 0.23% while Dow Jones Industrial Average futures were up by 0.14% and Nasdaq 100 futures increased by 0.37%. Tech stocks experienced a decline on Wednesday, but TSMC’s positive earnings report helped boost market optimism.
The US Dollar Index dropped by 0.11% and 10-year Treasury bond yields remained stable. Blackstone and Netflix are expected to report earnings today, while financial authorities will make comments and economic data will be released.
The IMF and World Bank Spring meetings will provide further insights into the global economic outlook for traders.