Stocks set to extend gains

U.S. futures were higher on Thursday, with S&P 500 contracts up 0.6%, Nasdaq 100 adding 0.9%, and Dow Jones futures rising about 180 points, building on a 1.2% gain from the previous session. The moves followed President Trump’s announcement that he would suspend plans to impose new tariffs on a group of European countries, citing a “framework agreement” over Greenland reached after a meeting with NATO Secretary General. AI-related stocks also showed strength in pre-market trading, supported by news that Alibaba Group plans to list its chipmaking unit and comments from Nvidia’s CEO. On the data front, the U.S. economy expanded an annualized 4.4% in Q3 2025, slightly higher than 4.4% in the initial estimate. It primarily reflected upward revisions to exports and investment that were partly offset by a downward revision to consumer spending. Imports were revised up.