S&P 500 futures climbed on Thursday after the major averages posted back-to-back winning sessions, as investors weighed the latest batch of corporate earnings. Futures tied to the broad market index rose 0.2%, while futures tied to the Dow Jones Industrial Average gained 56 points, or 0.1%. Nasdaq 100 futures hovered around the flatline. Semiconductor names slid in extended trading, with Qualcomm and Arm each declining 5% and Skyworks Solutions losing 27% after reporting their latest quarterly results. Ford Motor also fell 5% after the automaker forecast a difficult 2025. Honeywell shares were also down 3% after the company issued full-year earnings guidance that fell short of what analysts anticipated. The moves followed a second day of gains for the major stock averages. The Dow added 317.24 points, or 0.71%, during the day’s regular session. The S&P 500 and Nasdaq Composite gained 0.39% and 0.19%, respectively, aided by a jump in Nvidia shares. Investors seemed to shake off worries around tariffs, which began on Monday after President Donald Trump announced a 10% levy on Chinese imports over the weekend. Sentiment improved after the president paused duties on Mexican and Canadian goods. “I think the market is coming around to a view I have, which is that this too shall pass,” said Ed Yardeni, president of Yardeni Research, on Wednesday on CNBC’s “Closing Bell.” “The market increasingly is focusing on what’s important, and that is earnings. The earnings outlook is, I think, extremely good.” U.S. Treasury yields were up on Thursday as investors looked ahead to January’s nonfarm payrolls report. The 10-year Treasury yield gained 1 basis point to 4.43%, and the 2-year Treasury yield rose 2 basis points to 4.21%. Asia-Pacific markets traded mostly higher Thursday, tracking gains on Wall Street as investors shrug off a week of trade turmoil and a slew of disappointing U.S. tech earnings. Australia’s S&P/ASX 200 traded 1.23% higher to close at 8,520.7. Japan’s Nikkei 225 rose 0.61% to close at 39,066.53 while the Topix added 0.25% to close at 2,742.2. South Korea’s Kospi rose 1.1% to end at 2,536.75 and the small-cap Kosdaq advanced 1.28% to end the trading day at 740.32. Hong Kong’s Hang Seng Index climbed 1.04% in its last hour of trade. Mainland China’s CSI 300 added 1.26% to close at 3,842.83. Oil prices edged up on Thursday after Saudi Arabia’s state oil company raised its March crude prices sharply, but the gains barely dented the previous day’s slide in benchmark Brent crude. Brent crude futures rose 28 cents, or 0.4%, to $74.89 a barrel. U.S. West Texas Intermediate crude was up 35 cents, or 0.5%, at $71.38. Oil prices had plunged by more than 2% on Wednesday as a large build in U.S. crude and gasoline stockpiles signaled weaker demand while investors also weighed up the implications of a new round of U.S.-China trade tariffs, including duties on energy products. Gold prices paused on Thursday after a five-session rally to all-time highs on tensions over trade wars between the world’s two largest economies raising worries about economic growth, and in turn, uncertainty about the future path of U.S. interest rates. Spot gold was down fell 0.2% to $2,860.24 per ounce by 1028 GMT after hitting an all-time high of $2,882.16 on Wednesday. U.S. gold futures shed 0.3% to $2,883.40.
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