SNOW - Futures Soar 200+

U.S. stock futures rose Thursday as all three major stock indexes prepared to wrap a winning November.

Futures for the Dow Jones Industrials zoomed 214 points, or 0.6%, to 35,702.

Futures for the S&P 500 gained 14 points, or 0.3%, at 4,573.25.

Futures for the NASDAQ popped 50.5 points, or 0.3%, to 16,674.25.

Salesforce hiked 9.2% and Snowflake popped 8.6%, on the back of better-than-expected earnings. Sentiment also got a boost Thursday after new data out of Europe showed inflationary pressures are easing.

Although the 30-stock Dow and the S&P 500 ended Wednesday's trading session near the flatline, the two indexes are only about 0.5% and 0.8%, respectively, from their year-to-date closing highs. The tech-heavy NASDAQ Composite slipped 0.16% during the day, but is also roughly 0.7% away from its 2023 closing high.

The major averages remain on track to close November with sizeable gains, which would end a three-month losing streak for the indexes.

The S&P 500 is up 8.5% in November, while the NASDAQ has advanced nearly 11%. Both averages are tracking for their best monthly performance since July 2022. The Dow is up 7.2% in November, on pace for its best month since October 2022.

Traders will watch out for October's reading for personal consumption expenditures, a key inflation gauge for the Federal Reserve. Weekly jobless claims are also due.

In Japan, the Nikkei 225 recovered 0.5%, while in Hong Kong, the Hang Seng Index picked up 0.3%.

Oil prices picked up 64 cents to $78.50 U.S. a barrel.

Gold prices dropped $7.80 to $2,039.30 U.S. an ounce.