US Stocks Surge Pre-Market on Tech Earnings and Rate Cut Hopes; Gold Falls Under Dollar Pressure

US stock futures surged ahead of Thursday’s market open,
supported by strong tech earnings and growing expectations of interest rate cuts,
despite negative economic data.
Meanwhile, gold prices declined amid a stronger dollar and increased risk appetite.

Topic

Stocks

Metals

Stocks

US stock futures climbed sharply in Thursday’s pre-market session,
driven by better-than-expected earnings from Meta and Microsoft,
which exceeded Wall Street forecasts and helped restore confidence in the strength of the tech sector.

Dow Jones Industrial Average futures rose by 0.83% (337 points) to 41,107.
Nasdaq 100 futures jumped 1.73% to 19,999.
S&P 500 futures climbed 1.2% to 5,654.25.

These upbeat corporate results helped calm investor concerns over slowing economic activity,
especially after data confirmed a contraction in the US economy during Q1.
The weak economic figures increased market expectations that
the Federal Reserve may proceed with additional rate cuts later this year to support growth—an outlook that further buoyed equities.

Metals

Gold prices fell sharply on Thursday, pressured by a stronger US dollar and a shift toward riskier assets.
Spot gold dropped 1% to $3,250.45 per ounce, while US gold futures declined 1.7% to $3,216.70.
This retreat comes despite mounting uncertainty around US trade policy.

Other precious metals saw limited moves:

Silver edged up 0.1% to $32.63 per ounce.
Platinum dipped 0.1% to $965.32.
Palladium gained 0.1% to $938.85.

The downward pressure on gold was mainly driven by a 0.2% increase in the US Dollar Index,
making gold more expensive for holders of other currencies and diminishing its appeal as a safe-haven asset.
Markets are now closely watching the upcoming US non-farm payrolls report on Friday,
a key indicator of labor market conditions that could significantly influence the Fed’s next policy move.

Trade Tensions in the Background

Trade tensions continue to shape investor sentiment, as the Trump administration sends mixed signals on tariffs.
While Washington has hinted at possible preliminary deals with select partners,
talks with China remain informal and ambiguous, adding a new layer of uncertainty to the global economic outlook.

US Stocks Surge Pre-Market on Tech Earnings

US Stocks Surge Pre-Market on Tech Earnings

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