Nasdaq, S&P 500 Futures Rise Ahead Of Apple Earnings - Apple (NASDAQ:AAPL), Bausch Health Companies (NYSE

Risk appetite is surging again Thursday on Wall Street, with investors welcoming the Federal Reserve’s decision to keep rates unchanged and Fed Chair Jerome Powell‘s cautious remarks.

Traders flocked to rate-sensitive tech stocks and bonds as expectations grew that the Federal Reserve might consider lowering interest rates as early as June 2024. Treasury yields declined by 10 basis points for 30-year maturities and 6 basis points for 10-year maturities. The market rally was widespread, with all S&P 500 sectors posting gains.

Investors now turn their focus on the U.S. largest company by market capitalization, Apple, Inc. (NASDAQ:AAPL), which is set to release its fourth-quarter earnings report at the end of the trading day.

Cues From Thursday’s Trading:

The S&P 500 rallied 1.6%, on track for its sharpest one-day increase since early May. The tech-heavy Nasdaq 100 surged 1.5%, on course for its fifth straight session of gains.

The Dow Jones Industrial Average rose 1.3%, while small caps in the Russell 2000 rallied 1.7%.

US Index Performance On Thursday

Index	Performance (+/-)	Value
Nasdaq 100	+1.47%	14,879.23
S&P 500 Index	+1.52%	4,309.18
Dow Industrials	+1.27%	33,696.83
Russell 2000	+1.68%	1,698.87

Thursday Trading In Major US Equity ETFs

The SPDR S&P 500 ETF Trust (NYSE:SPY) was 1.6% higher to $429.47.
The SPDR Dow Jones Industrial Average ETF (NYSE:DIA) rose 1.3% to $336.96.
The Invesco QQQ Trust (NASDAQ:QQQ) rallied 1.6% to $362, according to Benzinga Pro data.

Looking at S&P 500 sector ETFs:

The Real Estate Select Sector SPDR Fund (NYSE:XLRE) was the largest gainer, up 3.5%, followed by discretionary (up 2.4%) and energy (up 2.3%).
The Communication Services Select Sector SPDR Fund (NYSE:XLC) was the underperformer, but still showing a robust 1% surge.

See also: How To Trade Futures

Stocks In Focus

Roku, Inc. (NASDAQ:ROKU) rallied 30% following the release of its quarterly results.
Among the other stocks moving on earnings are Fastly, Inc. (NYSE:FSLY) (up about 16%), Etsy, Inc. (NASDAQ:ETSY) (up 2.3%), The Clorox Company (NYSE:CLX) (up nearly 8%), Lemonade, Inc. (NYSE:LMND) (up about 37%), PayPal Holdings, Inc. (NASDAQ:PYPL) (up about 6%), Qualcomm, Inc. (NASDAQ:QCOM) (up about 6%), Starbucks Corporation (NASDAQ:SBUX) (up over 10%) and Tandem Diabetes Care, Inc. (NYSE:TNDM) (down 23%).
Bausch Health Companies Inc. (NYSE:BHC) (up 3%), ConocoPhillips (NYSE:COP) (up over 5%) Crocs, Inc. (NASDAQ:CROX) (down over 6%), Eli Lilly and Company (NYSE:LLY) (up over 4%) Ferrari N.V. (NYSE:RACE) (up over 5%), Fox Corporation (NASDAQ:FOXA) (up over 2%), Hyatt Hotels Corporation (NYSE:H) (down over 2%), Marriott International, Inc. (NASDAQ:MAR) (down over 2%), Moderna, Inc. (NASDAQ:MRNA) (down over 7%), The Wendy’s Company (NASDAQ:WEN) (down nearly 2%), Paramount Global (NASDAQ:PARA) (up over 8%), Regeneron Pharmaceuticals, Inc. (NASDAQ:REGN), (up over 4%) The Cigna Group (NYSE:CI) (down over 1%) and Peloton Interactive, Inc. (NASDAQ:PTON) (up over 16%).
Those reporting after the close include Apple, Block, Inc. (NYSE:SQ), DraftKings Inc. (NASDAQ:DKNG), Dropbox, Inc. (NASDAQ:DBX), Expedia Group, Inc. (NASDAQ:EXPE), Fortinet, Inc. (NASDAQ:FTNT), Live Nation Entertainment, Inc. (NYSE:LYV), Palantir Technologies Inc. (NYSE:PLTR) and Skyworks Solutions, Inc. (NASDAQ:SWKS).

Commodities, Bonds, Other Global Equity Markets

Crude oil rose 1.5%, with a barrel of WTI-grade crude trading at $82. The United States Oil Fund ETF (NYSE:USO) was 1.6% higher to $75.

Treasury yields were lower, with the 10-year yield up by 5 basis points to 4.69% and the 30-year yield down by 8 basis points to 4.85%. The iShares 20+ Year Treasury Bond ETF (NYSE:TLT) was 1.5% higher for the day.

The dollar fell, with the U.S. dollar index, which is tracked by the Invesco DB USD Index Bullish Fund ETF (NYSE:UUP) down 0.4%. The EUR/USD pair, which is tracked by the Invesco CurrecyShares Euro Currency Trust (NYSE:FXE), rose 0.5% to 1.0617.

European equity indices had a strong positive session. The SPDR DJ Euro STOXX 50 ETF (NYSE:FEZ) rose 2.1%.

Gold was flat at $1,982/oz, while silver fell 0.8% to $22.75. Bitcoin (CRYPTO: BTC) was 2.3% lower to $34,636.

Staff writer Piero Cingari updated this report midday Thursday.

Photo via Shutterstock.

BHCBausch Health Companies Inc

$4.78-%

CIThe Cigna Group