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Tech Earnings Drive Wall Street Up Pre-Bell; Asia, Europe Gain
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Tech Earnings Drive Wall Street Up Pre-Bell; Asia, Europe Gain
May 25, 2025 11:09 PM

07:29 AM EDT, 05/01/2025 (MT Newswires) -- Wall Street futures pointed solidly higher pre-bell Thursday, following strong tech-sector earnings reports, and hints from the White House of traction in trade negotiations.

Microsoft ( MSFT ) shares rose 9% pre-bell after the software colossus reported stronger-than-expected fiscal Q3 results late Wednesday.

Meta Platforms ( META ) shares were up more than 6% pre-bell after the social-media platform posted strong Q1 results after-bell Wednesday.

In the futures, the S&P 500 rose 1.2%, the Nasdaq inclined 1.8% and the Dow Jones was up 0.8%.

In the earnings outlook, blue-chip giants Amazon.com ( AMZN ) and Apple ( AAPL ) report quarterly results after close of trading Thursday.

In the earnings scene, Eli Lilly ( LLY ) shares traded down 6.6% pre-bell after the drugmaker reported strong Q1 results, but tempered full-year guidance.

Becton, Dickinson ( BDX ) traded down 4.9% pre-bell after the medical technology enterprise reported fiscal Q2 earnings above Street views, missed on revenue, and tempered guidance.

Asian exchanges traded mostly higher overnight in holiday-thinned trading. Stock indices in London were steady, while European bourses were also closed for May 1 observances.

On the economic calendar is the Challenger Job Cut Report for April at 7:30 am ET, followed by the weekly jobless claims bulletin at 8:30 am.

The April S&P final US PMI report posts at 9:45 am, followed by the April ISM Manufacturing Index, and the March construction spending report, at 10 am.

The weekly EIA natural gas bulletin posts at 10:30 am.

In premarket action, Bitcoin traded at $96,150, West Texas Intermediate crude oil traded lower at $56.64, and 10-year US Treasuries offered 4.15%. Spot gold traded for $3,222 an ounce.

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