by Diana Mandia

(Reuters) – The New York Stock Exchange is awaited up on Thursday, carried by the encouraging results and forecasts of Microsoft and Meta, who suggest that the technological sector prospects remain solid despite recent concerns.

Futures in New York indices report an opening of Wall Street up 0.78% for Dow Jones, 1.2% for Standard & Poor’s-500 and 1.79% for NASDAQ.

Most European scholarships are closed on Thursday for Labor Day. The only exception among the main indices, the London Stock Exchange is rather stable on Thursday, with the FTSE 100 abandoning 0.01%, the session is little animated due to the holiday.

After a volatile session on Wednesday due to figures revealing a contraction of the American economy in the first quarter, Wall Street should find colors Thursday, helped by the optimism aroused by the quarterly results of Meta and Microsoft, which suggest that the technological sector remains healthy.

Microsoft provides stronger quarterly growth than expected for its Azure dematerialized computer science activity, while Meta has displayed a turnover superior to forecasts thanks to good performance in terms of advertising. The parent company of Facebook and Instagram social networks takes more than 6% and Microsoft more than 8% in the trade in the foreword.

The reports of these two heavyweights of the “seven magnificent” were closely followed in a context of fears concerning the increasingly uncertain perspectives for the companies and the American economy, caused by the radical and often erratic approach of the United States’s trade policy.

These figures currently relegate concerns about the American economy, which have materialized on Wednesday have the publication of a report by the American trade department indicating that the gross domestic product (GDP) of the United States had contracted 0.3% over the period January-March.

On the commercial level, Donald Trump said on Wednesday that there was a “very good luck” that his administration could conclude an agreement with China, which contributes to strengthening the constructive tone of the markets, as well as the signing of an agreement on Ukrainian natural resources between Ukraine and Washington, after months of sometimes stormy negotiations.

Investors later await this Thursday, the publication of weekly unemployed registrations in the United States and ISM data on manufacturing industry. Apple and Amazon will publish its quarterly results after the fence of the scholarship. The values ​​to follow at Wall Street

In addition to Meta and Microsoft, Qualcomm, who said he anticipated a gloomy demand for his semiconductors for smartphones, in a context of concerns about the macroeconomic environment and global trade, fell from 5.2% to the front.

RATE

The yield of Treasuries at ten years and two years fell by approximately 3 base points to 4.1408% and 3.5902%, respectively, analysts now providing for four interest rate reductions by the American federal reserve (Fed) by the end of the year.

Most European bond markets are closed on Thursday.

Changes

On the foreign exchange market, the yen fell 0.85 against the dollar to 144.31 Yen for the Bank of Japan (BOJ) lowered its growth forecasts for the 2025 and 2026 fiscal years in the light of the uncertainties that weigh on American customs duties, while leaving its rates unchanged.

The dollar wins/loses 0.29% against a basket of reference currencies and the euro grapped 0.04% to 1.1331 dollars.

OIL

Oil prices further retreat on Thursday with data showing a contraction of the American economy and while Saudi Arabia, the largest gross exporter in the world, could decide to increase its production.

Brent lost 2.55% to 59.50 dollars per barrel and light American crude (West Texas Intermediate, WTI) sold 2.85% to 56.55 dollars.

(Written by Diana Mandiá)

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