07:05 AM EST, 01/30/2025 (MT Newswires) -- US equity markets were trending upwards before Thursday's opening bell as traders digest the latest financial results of some of the biggest tech companies and await more corporate earnings.

Standard & Poor's 500 increased 0.4%, the Dow Jones Industrial Average was up 0.2% and the Nasdaq added 0.6% in the premarket. The majority of Asian exchanges were tracking in the green, while European bourses were heading north midday on the continent.

Shares of Microsoft ( MSFT ) declined 3.7% pre-bell even though the technology giant reported stronger-than-expected fiscal second-quarter results. Meta Platforms ( META ) advanced 1.5% as the Facebook parent's fourth-quarter results topped market estimates. Electric vehicle maker Tesla (TSLA) gained 2.4% following its quarterly results.

International Business Machines ( IBM ) jumped 8.6% as the company recorded fourth-quarter earnings above Wall Street's expectations. ServiceNow ( NOW ) dropped 9.3% as the software firm reported its quarterly statement.

Mastercard ( MA ) , Thermo Fisher Scientific ( TMO ) , Caterpillar ( CAT ) , Comcast ( CMCSA ) , Blackstone (BX), United Parcel Service ( UPS ) , Marsh & McLennan ( MMC ) , Sherwin-Williams ( SHW ) , Cigna ( CI ) , L3Harris Technologies ( LHX ) , Cardinal Health ( CAH ) , Dow (DOW), Dover (DOV) and Southwest Airlines ( LUV ) report their latest financial results before the bell, among others.

iPhone maker Apple ( AAPL ) , payments giant Visa (V) and chipmaker Intel ( INTC ) are scheduled to post earnings after the markets close.

On the economic calendar, the advance estimate for the fourth-quarter gross domestic product is out at 8:30 am ET, along with the weekly jobless claims bulletin. The National Association of Realtors pending home sales index for December is due at 10 am, followed by the weekly EIA natural-gas supplies report at 10:30 am.

Before the opening bell, bitcoin inclined 1.1% to $105,279, West Texas Intermediate crude oil remained unchanged at $72.64 a barrel, yields on 10-year Treasuries fell 5.3 basis points to 4.5% and gold rose 0.9% to $2,818 an ounce.