U.S. stock futures moved in different directions on Thursday, with enthusiasm for a potential U.S.-EU trade agreement supporting hopes for new market highs, even as investors reacted to quarterly results from tech giants Alphabet (NASDAQ:GOOG) and Tesla (NASDAQ:TSLA).

US stock market today saw mixed action as the Dow Jones dropped while the S&P 500 and Nasdaq inched higher, driven by strong Alphabet earnings and cautious outlook from Tesla. Alphabet jumped over 3% after boosting its AI investment,

U.S. stock indexes struggled on Thursday as investors processed mixed corporate earnings and progress in tariff negotiations. The S&P 500 and Nasdaq were slightly up, while the Dow fell. Globally, stock markets saw gains due to optimism about potential U.

Wall Street opened on a firm note Wednesday, led by the Dow Jones rallying over 270 points. President Donald Trump announced a “massive” bilateral trade deal with Japan, lifting market sentiment amid optimism around further trade negotiations with the EU.

Dow is making significant progress on its $1 billion cost savings actions, now expecting to deliver approximately $400 million in savings by 2025, up from an original target of $300 million. This acceleration in cost-saving measures is a critical component of Dow’s strategy to maintain financial flexibility amid challenging market conditions.

Shares of energy companies ticked up amid optimism about earnings in the sector. Oil futures fell for the third straight session. Natural gas futures also continued a losing streak, amid relatively mild weather forecasts in much of the U.S.

Industrials Up Amid Earnings Optimism — Industrials Roundup Provided by Dow Jones Oct 9, 2024, 9:54:00 PM. ... (END) Dow Jones Newswires. October 09, 2024 17:54 ET (21:54 GMT)