By Oliver Gray
Investing.com - U.S stock futures were little changed in early APAC deals on Thursday, after major benchmark indices rebounded sharply as commodity prices cooled.
In Wednesday’s regular trading session, the Dow Jones Industrial Average rose 653.61 points, or 2% to 33,286.25, the S&P 500 lifted 107.18 points or 2.6% to 4,277.88 for its best single session gain since June 2020 and the NASDAQ Composite gained 459.99 points or 3.6% to 12,255.55 for its best day since November 2020.
Among stocks, major technology players saw the strongest gains, with Block Inc (NYSE: SQ ) rebounding 11.23%, Microsoft Corporation (NASDAQ: MSFT ) adding 4.59%, Meta Platforms Inc (NASDAQ: FB ) up 4.31%, Apple Inc (NASDAQ: AAPL ) adding 3.5%, Alphabet Inc (NASDAQ: GOOGL ) up 4.97% and Advanced Micro Devices Inc (NASDAQ: AMD ) lifting 6.97%.
Financials also surged, with JPMorgan Chase & Co (NYSE: JPM ) up 4.01%, Citizens Financial Group Inc (NYSE: CFG ) adding 4.87%, Bank of America Corp (NYSE: BAC ) up 6.35%, Citigroup Inc (NYSE: C ) adding 1.97%, Wells Fargo & Company (NYSE: WFC ) up 5.81%, Goldman Sachs Group Inc (NYSE: GS ) gaining 3.8% and Morgan Stanley (NYSE: MS ) adding 4.91%.
Airline-related stocks bounced back as Crude Oil prices eased. Boeing Co (NYSE: BA ) added 2.74%, Southwest Airlines Company (NYSE: LUV ) lifted 3.83%, JetBlue Airways Corp (NASDAQ: JBLU ) gained 6.44%, Delta Air Lines Inc (NYSE: DAL ) added 4.93%, American Airlines Group (NASDAQ: AAL ) lifted 5.85%, and United Airlines Holdings Inc (NASDAQ: UAL ) gained 8.27%.
In extended deals, Amazon.com Inc (NASDAQ: AMZN ) popped 6.8% after the announcing a 20-for-1 stock split and $US10 billion buyback.
Crowdstrike Holdings Inc (NASDAQ: CRWD ) gained 12.49% after reporting earnings and revenues that beat market expectations while issuing strong guidance for 2023 fiscal year. EPS came in at 30 cents versus 20 cents expected, while revenues came in at $US431 million versus $411 million expected.
Asana Inc (NYSE: ASAN ) tanked 19.69% despite a better-than-expected earnings report as the company posted a loss of 25 cents per share versus 28 cents expected, on revenue of $111.9 million versus $105.2 million expected.
On the bond markets, United States 10-Year was at 1.946%.
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