US stock futures rise as earnings optimism outweighs COVID concerns, while bitcoin climbs after Elon Musk’s comments

SourceBusiness Insider
SectorFinancial Markets
CountryMiddle east

US stock market futures rose on Thursday as company earnings season helped boost optimism, outweighing concerns about rising coronavirus cases across the world’s major economies. Meanwhile, continued to rebound from Tuesday’s sub-$30,000 prices after Elon Musk and other crypto influencers spoke favorably of the asset. climbed 0.16% while rose 0.17%, as stocks rebounded from a sharp fall on Monday.

moved 0.2% higher. Asian stocks rose after US equities climbed on Wednesday on the back of strong corporate earnings, with China’s up 0.15% and Hong Kong’s rising 1.84%. European stocks followed suit, with the continent-wide rising 0.63% ahead of the European Central Bank’s interest rate decision at 7.45 a.m. ET. A series of strong earnings reports lifted US stocks on Wednesday and appeared to be boosting sentiment on Thursday. raised its forecasts for full-year sales and profit, while telecoms giant beat expectations. According to data compiled by Bloomberg, more than 85% of firms in the S&P 500 who have reported so...read more...