U.S. stock index futures steadied on Thursday after the Federal Reserve signaled a potential end to its interest rate hike cycle, with stellar results for Facebook Inc FB.US looking to brighten the mood on Wall Street.
Premarket:
FB.US jumped 11.7 percent in premarket trading as its quarterly profit topped analysts' estimates, showing that digital advertisers were still flocking to spend money on the service even after a series of high profile embarrassments.
Microsoft Corp (MSFT.US) fell 1.9 percent as its Azure cloud computing sales grew more slowly than a year earlier, although quarterly results and forecast topped Wall Street estimates.
General Electric (GE.US) Co jumped 6.7 percent after the industrial conglomerate reported a profit from continuing operations for the fourth quarter, recovering from a $22.8 billion loss three months ago as it accelerated restructuring under a new chief executive.
Chipmaker Qualcomm (WCOM.US) Inc rose 2.9 percent after posting quarterly earnings that beat Wall Street targets.
Fourth-quarter earnings reports have largely exceeded market expectations so far, helping U.S. stocks recover from a December selloff that was fueled by concerns about trade disputes, rising interest rates and fears of diminishing corporate profits.
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