22.01.202613:57:06UTC+00US Stocks Set for a Strong Open

On Thursday, U.S. futures saw a continuation of upward momentum. S&P 500 futures rose by 0.8%, Nasdaq 100 increased by 1%, and Dow Jones futures climbed approximately 270 points. This boost was primarily attributed to President Trump's declaration of halting plans for new tariffs on several European nations, following a "framework agreement" regarding Greenland that emerged after discussions with the NATO Secretary General. Additionally, investor sentiment was buoyed by news of Alibaba Group's preparations to list its chip-making division and remarks from Nvidia's CEO. Major tech companies posted gains, with Nvidia up 0.9%, Microsoft climbing 1.1%, Apple advancing 0.7%, Amazon rising 1.4%, Meta gaining 2.7%, Alphabet increasing 2.1%, Broadcom up 1.8%, and Tesla rising 1.3%. Further confidence came from strong U.S. economic indicators such as the upward revision of Q3 GDP growth to 4.4% from 4.3% and a decline in weekly jobless claims to 200K. Despite surpassing earnings predictions, General Electric fell 3.6%, while Procter & Gamble remained relatively stable after reporting revenue below expectations.