08:19 AM EDT, 05/02/2024 (MT Newswires) -- US stock futures are trending higher in Thursday's premarket session following the Federal Reserve's decision to leave interest rates unchanged Wednesday, and ahead of the release of the weekly jobless report and monthly factory data.

Dow Jones Industrial Average futures were up 0.5%, S&P 500 futures were rising 0.7%, and Nasdaq futures were moving 0.8% higher.

Oil prices were moving higher, with front-month global benchmarks North Sea Brent crude rising 1.1% at $84.37 per barrel and US West Texas Intermediate crude rising 1.0% at $79.82 per barrel.

The weekly initial jobless claims report, set for release at 8:30 am ET, is expected to rise to 212,000 from 207,000, according to analysts' estimates compiled by Investing.com.

Meanwhile, US factory orders, which measure the change in the total value of new purchase orders placed with manufacturers, are expected to rise 1.6% in March after a 1.4% increase the previous month when they're released at 10 am ET.

On the winning side, shares of Emergent BioSolutions ( EBS ) soared 53%, adding to a nearly 3% gain on Wednesday. Carvana ( CVNA ) shares surged 36% after it reported late Wednesday that it swung to a profit in Q1 with earnings of $0.23 per diluted share, compared with a loss of $1.51 a year earlier. Shares of Aspen Aerogels ( ASPN ) advanced 27% after it said late Wednesday that Q1 revenue was $94.5 million, easily beating Street estimates of $75.4 million.

On the losing side, shares of Fastly (FSLY) plunged 35% after it reported lower-than-expected Q1 revenue. Freshworks' ( FRSH ) shares tumbled 27% after it lowered its revenue forecast for 2024 to a range of $695 million to $705 million from $703.5 million to $711.5 million. And shares of DoorDash ( DASH ) fell more than 8% after the food delivery company recorded a slightly wider-than-expected Q1 loss Thursday, while its short-term core profit outlook missed the Street view at the midpoint.