Financial District

Equities were poised for a stronger start on Thursday, after a day when key market indexes faced a downturn. The Dow Jones Industrial Average concluded a three-day winning streak, during which it reached both intraday and closing records on each occasion. Futures for the Dow, S&P 500, and Nasdaq 100 were each up around 0.3% about three hours before the market opened.

Yesterday, the tech-heavy index and blue-chip index finished down 0.2% and 0.1%, respectively, while the benchmark index closed less than a point lower as investors digested a flurry of earnings and a January U.S. employment report that came in better than economists expected. Despite yesterday’s declines, the three major indexes all showed positive performance for the week.

In notable post-earnings moves, shares of Cisco Systems were down 7% before the bell, while those of AppLovin were down 5%. Burger King owner Restaurant Brands International slipped 1%, Budweiser parent Anheuser-Busch InBev rose 2.5%, and McDonald’s ticked higher. Before the bell, all of the Magnificent Seven stocks, except for Apple, showed upward movement, highlighted by a 1% increase in Nvidia shares. The yield on the 10-year Treasury, which affects interest rates on various consumer loans including mortgages, stayed fairly steady from Wednesday’s close at just below 4.18%.

Bitcoin was trading at approximately 67,900, having risen from overnight lows of about 66,600. The U.S. dollar index, which tracks the value of the greenback against a selection of global currencies, held steady at 96.82. Gold futures dropped by 0.3%, closing at $5,085 per ounce, while silver futures declined by about 1%, hitting $83.15 per ounce. West Texas Intermediate crude futures, the U.S. benchmark, saw a decrease of 0.4%, closing at $64.40 a barrel.