US equity futures rose ahead of Thursday's opening bell as traders digested quarterly earnings from chipmaker Nvidia (NVDA) and a batch of economic data.
Dow Jones Industrial Average futures rose 0.7%, S&P 500 futures gained 0.3%, and Nasdaq futures were up 0.2%.
Nvidia reported late Wednesday higher fiscal Q2 adjusted earnings and revenue that topped analysts' estimates.
Oil prices were higher, with front-month global benchmark North Sea Brent crude up 0.6% at $78.08 per barrel and US West Texas Intermediate crude up 0.9% at $75.22 per barrel.
US gross domestic product, released at 8:30 am ET, was upwardly revised to 3% growth in the second estimate for Q2 from the first estimate of 2.8%, compared with projections compiled by Bloomberg for no revision.
The advance international trade in goods deficit, also released at 8:30 am ET, widened to $102.66 billion in July from $96.56 billion in the previous month, compared with estimates for a $97.8 billion gap. Weekly jobless claims dropped to 231,000 in the week ended Aug. 24 from 233,000 claims in the prior week, versus estimates for a smaller drop to 232,000.
Pending home sales, due at 10 am ET, is seen rising 0.2% in July versus June's 4.8% increase.
In other world markets, Japan's Nikkei closed 0.02% lower, Hong Kong's Hang Seng ended 0.5% higher, and China's Shanghai Composite finished 0.5% lower. Meanwhile, UK's FTSE 100 rose 0.5%, and Germany's DAX 30 index increased 0.6%, France's CAC 40 increased 0.8% and Spain's IBEX 35 increased 0.4% in Europe's early afternoon session.
In equities, shares of Dollar General (DG) were 26% lower pre-bell after the company lowered its fiscal 2024 guidance. Pure Storage (PSTG) shares dropped 12% after the company issued fiscal 2025 revenue guidance that trailed analysts' projections.
On the winning side, BioCardia (BCDA) shares were up over 96% after the company said overnight it secured the US Food and Drug Administration clearance for its Morph DNA Steerable Introducer product.
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