Wall Street was calm before the close on Thursday, a day after enthusiasm over artificial intelligence technology drove markets to new record highs.
Dow Jones Industrial Average futures were down 0.1% in premarket trading, while S&P 500 futures were unchanged.
Lululemon Athletica Inc. jumped more than 9% in early trading after the yoga and sportswear maker reported better-than-expected first-quarter results that topped Wall Street sales and profit targets.
Vista Outdoors shares rose more than 8% after MNC Capital Partners said it had increased its takeover offer for the outdoor sports and recreation company to $39.50 a share, or more than $3 billion, from a previous offer of $37.50 a share.
New York software company Sprinklr Inc. saw its shares fall more than 22 percent after the company beat first-quarter sales and profit expectations but gave a full-year revenue outlook that disappointed investors.
The biggest news to move the market will come on Friday when the U.S. government releases its May employment report. The labor market has held up better than expected as the Federal Reserve raises interest rates to tame inflation. But there has been some weakness in recent data, including a report this week that job openings in April fell to the lowest level since 2022.
The Federal Reserve is closely monitoring the labor market and wages as it considers whether to cut, raise or hold its benchmark interest rate. The Fed meets next week, with most analysts expecting the U.S. central bank to keep interest rates on hold for a seventh consecutive session.
Midday in Europe, markets gave up some of their early gains after the European Central Bank cut its key policy interest rate. interest rateFrance’s CAC 40 rose 0.2%, while Britain’s FTSE 100 and Germany’s DAX each added 0.4%.
In Asian markets, Tokyo’s Nikkei rose 0.6% to 38,703.51, Hong Kong’s Hang Seng index rose 0.3% to 18,480.61 and the Shanghai Composite index fell 0.5% to 3,048.79.
Australia’s S&P/ASX 200 index rose 0.7 percent to 7,821.80 after Australia’s trade surplus rebounded in April, with exports falling 2.5 percent and imports dropping 7.2 percent, according to Australian Bureau of Statistics data.
Taiwan’s Taiex jumped 1.9%, but shares in electronics components maker Foxconn fell 1.2% despite the company saying its May sales rose 22% from a year earlier, its highest ever for the month.
In India, the Sensex index rose 0.7% following the Prime Minister’s remarks on Wednesday. Narendra Modi’s coalition In the country’s general election, the SET won a parliamentary majority. In Bangkok, the SET lost 0.6% of the vote.
South Korean markets were closed for a public holiday.
Elsewhere in markets, benchmark U.S. crude rose 70 cents to $74.77 a barrel in electronic trading on the New York Mercantile Exchange.
Brent crude, the international standard, rose 65 cents to $79.06 a barrel.
The U.S. dollar rose to 156.19 yen from 156.10 yen. The euro fell slightly to 1.0867 dollars from 1.0868 dollars.
On Wednesday, the S&P 500 rose 1.2%, to 5,354.03. The Nasdaq Composite rose 2%, to 17,187.90, also hitting a record high. The less tech-heavy Dow Jones Industrial Average rose 0.2%, to 38,807.33, underperforming the market.
Total in this rally Nvidia’s market valueThe AI ​​market, which has become a symbol of the AI ​​boom, has exceeded 3 trillion dollars for the first time.
Nvidia is leading the way because its chips power much of the rapid move into AI. The company’s shares were up 1.7% before the market opened Thursday after rising 5.2% on Wednesday, and are up nearly 150% this year.
