US stock futures little changed after major averages break three-day losing streak

  • US stock futures were little changed after major averages rose Wednesday.
  • The Dow gained 0.56%, the S&P 500 0.46% and the Nasdaq 0.45%.
  • Investors await Thursday earnings from Ciena, Zscaler and DocuSign, among others.

US stock futures were little changed Thursday after the Dow, S&P 500 and Nasdaq Composite advanced in the previous session, ending a three-day losing streak. The Dow rose 0.56%, the S&P 500 gained 0.46% and the Nasdaq Composite climbed 0.45% on Wednesday, with 10 of the 11 S&P sectors finishing higher. Materials, communication services and health care led the gains as the oil-price rally and rising bond yields that had pressured equities during the week showed signs of easing. Broadcom fell about 1% after issuing a below-consensus fourth-quarter revenue forecast, while Hewlett Packard Enterprise dropped more than 5% despite exceeding third-quarter earnings and revenue estimates. Snowflake surged 23% after exceeding estimates by a wide margin amid increasing adoption of its AI products. Investors are now focused on Thursday earnings reports from Ciena, Zscaler and DocuSign, among other companies.

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