By Oliver Gray
Investing.com - U.S. stock futures were slightly higher in early APAC deals on Thursday, as major benchmark indices continued their rebound ahead of Consumer Price Index data due later in the session, while traders navigate a slew of fresh corporate earnings results.
On Wednesday, The Nasdaq Composite jumped 2.08% to close at 14,490.37. The S&P 500 gained 1.5% to 4,587.18, while the Dow Jones Industrial Average rose 305.28 points, or 0.86%, to close at 35,768.06.
Dow Jones Futures were up 0.15%, S&P 500 Futures held flat while Nasdaq 100 Futures added 0.05%.
Among stocks, technology heavyweights continued higher, as Block Inc (NYSE:SQ) rallied 10.31%, Microsoft Corporation (NASDAQ:MSFT) added 2.18%, Meta Platforms Inc (NASDAQ:FB) rebounded 5.14%, Apple Inc (NASDAQ:AAPL) added 0.83%, Alphabet Inc (NASDAQ:GOOGL) gained 1.57%, NVIDIA Corporation (NASDAQ:NVDA) added 6.36%, Advanced Micro Devices Inc (NASDAQ:AMD) gained 3.6% and Micron Technology Inc (NASDAQ:MU) lifted 4.76%.
EV makers also surged with Tesla Inc (NASDAQ:TSLA) up 1.08%, Rivian Automotive Inc (NASDAQ:RIVN) gaining 5.87% and Lucid Group Inc (NASDAQ:LCID) adding 5.1%.
Stay at home stocks saw significant gains as Shopify Inc (NYSE:SHOP) gained 5.35%, Etsy Inc (NASDAQ:ETSY) added 3.81% DocuSign Inc (NASDAQ:DOCU) lifted 5.16% and Zoom Video Communications Inc (NASDAQ:ZM) climbed 4.84%.
Travel related stocks also moved higher amid fading Omicron concerns as Boeing Co (NYSE:BA) added 1.21%, Southwest Airlines Company (NYSE:LUV) gained 2.06%, JetBlue Airways Corp (NASDAQ:JBLU) added 1.41%, Delta Air Lines Inc (NYSE:DAL) gained 2.98%, American Airlines Group (NASDAQ:AAL) added 2.74%, United Airlines Holdings Inc (NASDAQ:UAL) lifted 4.48%, Norwegian Cruise Line Holdings Ltd (NYSE:NCLH) lifted 4.26% and Booking Holdings Inc (NASDAQ:BKNG) gained 3.37%.
On the earnings front, Chipotle Mexican Grill Inc (NYSE:CMG) finished 10.16% higher following a strong quarterly earnings report. LYFT Inc (NASDAQ:LYFT) gained 6.8% after earnings, despite announcing fewer active riders compared to the previous quarter. Enphase Energy Inc (NASDAQ:ENPH) surged 12.03% after the company beat on the top and bottom lines for the fourth quarter and delivered upbeat guidance.
In extended deals, Walt Disney Company (NYSE:DIS) gained 6.47% after the company reported an earnings beat for its most recent quarter.
Uber Technologies Inc (NYSE:UBER) jumped 5.95% after beating market expectations on quarterly revenue, noting that business is starting to bounce back from omicron related challenges.
Mattel Inc (NASDAQ:MAT) popped 9.45% after reporting better than expected earnings. EPS came in at 53 cents per share for Q4, vs 30 cents expected, while revenue came in at $1.79 billion vs $1.66 billion expected.
Twilio Inc (NYSE:TWLO) also soared 20.79% after the company reported strong revenues and quarterly guidance.
On the bond markets, United States 10-Year rates were at 1.945%.
Ahead in the session, investors are preparing for the Consumer Price Index report, which will provide a key update on the inflation picture. Data is expected to show that prices rose 0.4% in January, for a 7.2% gain from one year ago.