08:58 AM EST, 02/27/2025 (MT Newswires) -- US equity futures rose ahead of Thursday's opening bell as traders digested upbeat Q4 earnings from chipmaker Nvidia ( NVDA ) as well as a string of economic reports.

Dow Jones Industrial Average futures were 0.1% higher, S&P 500 futures gained 0.5%, and Nasdaq futures were up 0.7%.

Oil prices were higher, with front-month global benchmark North Sea Brent crude up 1% $72.78 per barrel and US West Texas Intermediate crude 1% higher at $69.33 per barrel.

Q4 gross domestic product, released at 8:30 am ET, came in unchanged from the first estimate at a 2.3% annual growth, in line with forecasts compiled by Bloomberg.

New orders for durable goods, also released at 8:30 am ET, rose by 3.1% in January following a 1.8% fall in the preceding month, compared with estimates for a smaller 2% increase. New unemployment claims rose to 242,000 in the week ended Feb. 22 from 220,000 in the prior week, compared with estimates for 221,000 claims.

In other world markets, Japan's Nikkei closed 0.3% higher, Hong Kong's Hang Seng ended 0.3% lower, and China's Shanghai Composite finished 0.2% higher. Meanwhile, UK's FTSE 100 gained 0.3%, and Germany's DAX index declined 0.9% in Europe's early afternoon session.

In equities, Nvidia ( NVDA ) shares were up 1.6% pre-bell after the chipmaker late Wednesday reported higher fiscal Q4 results that topped analyst estimates and issued an upbeat Q1 revenue outlook. Opera Limited ( OPRA ) shares rose 12% after the company reported higher Q4 adjusted profit and revenue.

On the losing side, Ibotta ( IBTA ) shares slumped 41% after the company reported lower Q4 adjusted profit and revenue late Wednesday. Digimarc ( DMRC ) shares retreated 30%, a day after the company reported lower Q4 revenue.