US stock futures edged higher on Thursday as investors evaluated earnings from major technology companies and the Federal Reserve’s latest policy decision.
In after-hours trading, Microsoft jumped 9% after reporting results that topped analysts’ expectations, with strength driven in part by its cloud computing and artificial intelligence businesses.
Meanwhile, Meta Platforms fell more than 6% as investors remained concerned about the company's ability to monetize its AI investments.
Attention now shifts to earnings from tech giants Amazon and Apple later Thursday, along with results from major companies including Mastercard, Bristol-Myers, and Coinbase.
Markets also continued to assess the Fed’s decision to keep interest rates unchanged, although three FOMC members voted in favor of a rate hike.
During Wednesday’s regular session, the Dow dropped 2.19%, while the S&P 500 and Nasdaq Composite declined 1.52% and 1.74%, respectively.