Stock futures rose Thursday after the Dow Jones Industrial Average notched its best win streak going back to 1987.
Futures for the 30-stock index gained 88 points, or 0.3% to 35,772.
Futures for the S&P 500 picked up 32 points, or 0.7%, to 4,588.75.
Futures for the NASDAQ galloped 220.75 points, or 1.4%, to 15,829.25.
The Dow on Wednesday rose for a 13th straight session to notch its longest win streak since 1987, and could make history books Thursday if it closes higher. A 14-day streak for the 30-stock index would tie its longest positive streak on record going back to June 1897. The Dow was created just a little more than one year prior, in May 1896.
Stocks continued their bullish momentum in a big week that included key earnings results from Big Tech companies, as well as a quarter-point hike from the Federal Reserve. On Wednesday, remarks from Chair Jerome Powell hinted the central bank could also hold rates steady at these levels, and suggested that the Federal Open Market Committee will remain data-dependent. The central bank meets again in September after a batch of new inflation and employment data.
Meta Platforms shares popped more than 8% on better-than-expected results and strong guidance. The company's numbers were boosted by a rebound in ad revenue. McDonald's shares rose about 2% after an earnings beat driven in part by a rebound in China sales. Meanwhile, Chipotle Mexican Grill dropped about 9% as sales fell short of estimates.
Earnings results have been stronger than expected. Of the companies that have reported thus far, 81% have beaten analyst expectations, according to FactSet data.
Fresh economic data due Thursday include initial jobless claims, June durable goods orders, a preliminary second-quarter GDP reading and pending home sales.
In Japan, the Nikkei 225 gained 0.7%, while in Hong Kong, the Hang Seng sprang up 1.4%.
Oil prices surged 84 cents to $79.62 U.S. a barrel.
Gold prices added $3.60 to $1,973.70 U.S. an ounce.
Futures Set to Soar on Strong Earnings