U.S. stock futures jumped on Thursday evening as strong corporate earnings, a slight cooling in oil prices, and optimism about potential de-escalation in Middle East tensions lifted investors’ optimism. Futures on the Nasdaq 100 (NDX), the Dow Jones Industrial Average (DJIA), and the S&P 500 Index (SPX) were up 1%, 1.83%, and 1.1%, respectively, at 5:36 p.m. EDT on April 30.
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New trading tool for QQQ bullsIn the regular trading session, major indices jumped on the final trading day of April, with the S&P 500 and the Nasdaq hitting record highs as investors digested a wave of earnings and economic data. Overall, the Dow Jones, the S&P 500, and the Nasdaq rose 1.6%, 1.0%, and 0.9%, respectively.
Looking ahead, earnings reports are due from Exxon (XOM), Chevron (CVX), Moderna (MRNA), Colgate-Palmolive (CL), and Dominion Energy (D) tomorrow.
On the economic front, the S&P final U.S. manufacturing PMI (final) and ISM manufacturing PMI reports will be released on Friday.