U.S. stock futures rose on Thursday morning, driven by investor optimism about the Trump-Xi meeting and strong earnings reported by networking giant Cisco (CSCO). Futures on the Dow Jones Industrial Average (DJIA), the Nasdaq 100 (NDX), and the S&P 500 were up 0.79%, 0.30%, and 0.34%, respectively, at 8:25 a.m. EDT on May 14.
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New trading tool for QQQ bullsAt the time of writing, Brent crude (CM:BZ) was down 1.2% to about $104.38 per barrel, while WTI crude (CM:CL) fell 1.16% to around $99.76.
In Wednesday’s regular trading session, the Nasdaq Composite and the S&P 500 were up 1.20% and 0.58%, respectively, while the Dow slipped 0.14%. Alphabet (GOOGL), Tesla (TSLA), Nvidia (NVDA), Micron (MU), and Qualcomm (QCOM) all gained as their CEOs joined President Donald Trump at a summit in Beijing.
In Thursday’s pre-market trading, Cisco Systems stock jumped more than 15% after the company delivered stronger-than-expected quarterly results and guidance. Cisco announced 4,000 job cuts. In contrast, Doximity (DOCS) stock plunged more than 23% after the healthcare digital platform issued a weak outlook and lagged fiscal fourth-quarter earnings expectations.
Also, Bullish (BLSH) stock declined about 9% after the cryptocurrency exchange reported dismal Q1 results. Biogen (BIIB) shares advanced 4% as the biopharma company announced that its experimental Alzheimer’s drug will advance into a Phase 3 trial, despite failing to meet the main goal of the Phase 2 trial.