Stock futures rose Thursday as traders weigh earnings from chipmaker Nvidia and assess future potential Federal Reserve moves.
Futures for the Dow Jones Industrials improved 91 points, or 0.3%, early Thursday to 33,170.
Futures for the S&P 500 gained 20.5 points, or 0.5%, to 4,019.50.
Futures for the NASDAQ Composite jumped 121.75 points, or 1%, to 12,219.25.
NASDAQ futures got a boost from Nvidia, which rose more than 8% on better-than-expected fourth quarter earnings and revenue.
The moves came after the Federal Reserve released the minutes of its most recent meeting, which concluded Feb. 1, showing that members of the central bank are resolved to keep fighting inflation with rate hikes.
Inflation “remained well above” the Fed's 2% target and the labour market “remained very tight, contributing to continuing upward pressures on wages and prices,” according to the minutes.
More consumer earnings reports are due out Thursday morning, including Alibaba, Papa John's, Wayfair and Bath & Body Works. After the bell, investors will hear from Beyond Meat, Block, Warner Bros. Discovery and Carvana, among others.
In economic data, traders are looking forward to the latest GDP and weekly jobless claims data, which are both scheduled to be released at 8:30 a.m. ET Thursday.
In in Hong Kong, the Hang Seng shrank 0.4%, while in Japan, the markets were closed for the Emperor's Holiday.
Oil prices soared 78 cents to $74.73 U.S. a barrel.
Gold prices tumbled $6.40 to $1,835.10 U.S. an ounce.