FX.co ★ US Futures Point to Higher Open as Traders Focus on Earnings

On Thursday, U.S. stock futures experienced an uptick, with S&P 500 and Dow Jones contracts increasing by 0.4%, and Nasdaq 100 futures climbing 0.6%. This followed a turbulent trading session the previous day, where investors concentrated on corporate earnings while trying to overlook the escalating trade tensions between the U.S. and China, as well as the ongoing federal government shutdown, which continues to postpone crucial economic data releases. Investor sentiment was further bolstered by Taiwan Semiconductor Manufacturing's enhanced revenue-growth forecast, which positively impacted chip-related stocks. In premarket trading, Nvidia saw a 1.4% rise, Broadcom advanced by 2%, and Micron Technology increased by 3.4%. Additionally, Bank of New York Mellon rose by 0.9% after reporting better-than-expected quarterly profits, and Salesforce surged over 6% on the back of an improved forecast. Conversely, United Airlines saw a 2% decline after failing to meet revenue expectations.