Wall Street poised to open higher, boosted by strong earnings from AI-focused technology sector
By TERESA CEROJANO and MATT OTT, Associated Press
Wall Street was on track to open with solid gains Thursday on the strength of some blowout quarterly reports from the AI-obsessed technology sector.
Futures for the technology-heavy Nasdaq climbed 1.2% before the opening bell, while S&P 500 futures rose 0.9%. Futures for the Dow Jones Industrial Average lagged its counterparts but was still up 0.2%.
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Facebook parent company Meta jumped 11.6% overnight after the social media giant crushed Wall Street’s sales and profit targets even as the company continues to pour billions of dollars into artificial intelligence.