U.S. equity futures climbed after a recent market downturn, as investors balanced fresh Middle East tensions with ongoing corporate earnings reports and highly anticipated labor-market data. Technology sector results, including those from Broadcom and Snowflake, were a primary focus, as market participants sought new catalysts for momentum.
At 4:20 p.m. Bangkok time, contracts tied to the Dow Jones Industrial Average rose 0.22%, while S&P 500 and Nasdaq-100 futures each gained 0.11%. This extended the positive sentiment after major indices recovered in the previous trading session, snapping a three-day losing streak. The Dow increased by 295.07 points, or 0.56%, while the S&P 500 and Nasdaq Composite both ended nearly 0.5% higher.
In related news, crude oil prices and bond yields eased, relieving some pressure on equities. ADP reported that U.S. private employers added 38,000 jobs in August, falling short of the 47,000 estimate. Despite this softer labor data, markets continue to price in a two-thirds probability of a Federal Reserve interest rate hike later this month, keeping traders focused on upcoming jobless claims and Friday’s comprehensive nonfarm payrolls report. Broadcom’s post-market earnings announcement, exceeding sales and EPS expectations due to AI semiconductors, is also expected to positively impact share prices, despite a slightly lower revenue guidance for the next quarter.
