Futures contracts for U.S. stock indices rose during pre-market trading on Thursday, as lower-than-expected core inflation data in the United States boosted investor sentiment for more interest rate cuts this year.
Futures for the S&P 500 and Nasdaq indices rose due to better-than-expected earnings from U.S. banks in the fourth quarter and earnings from the technology sector.
However, the Dow Jones Industrial Average fell under pressure from losses in shares of insurance company UnitedHealth, whose stock declined after its earnings report revealed challenges in the health insurance sector.
In terms of trading, the performance of U.S. stock index futures during pre-market was as follows:
The futures for the Dow Jones Industrial Average fell by about 0.15% or 77 points to register at 43,389.00 points.
The futures for the S&P 500 rose by 0.19% or 11.00 points, reaching 5,999.25 points.
Futures for the Nasdaq 100 rose by 0.38% or 82.00 points to record at 21,473.50 points.
