U.S. Futures, Asia Stocks Up on Stimulus, Earnings: Markets Wrap
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U.S. Futures, Asia Stocks Up on Stimulus, Earnings: Markets Wrap
(Bloomberg) -- U.S. equity futures jumped Thursday and Asian stocks rose, buoyed by robust earnings from technology heavyweights and the prospect of more stimulus to spur the economic recovery from the pandemic.
S&P 500 and Nasdaq 100 contracts were in the green, with the latter outperforming after Apple Inc. crushed revenue estimates and Facebook Inc. reported increases in sales and users. In South Korea, Samsung Electronics Co. beat analysts’ profit forecasts but warned of further fallout from chip shortages. Hong Kong and China gained. Japan is shut for a holiday.