US Stock Futures Hold Steady on Mixed Economic Data

US stock futures showed resilience on Thursday as retail sales data and jobless claims highlighted ongoing economic uncertainty.

Retail Sales and Jobless Claims Influence Sentiment

Retail sales rose 0.4% in December, below expectations of 0.6%, while jobless claims increased to 217,000 last week.

Philadelphia Fed Index Boosts Optimism

The Philadelphia Fed Index exceeded estimates, providing a positive outlook for business conditions despite mixed data elsewhere.

Stock Futures and Treasury Yields Adjust

Nasdaq 100 futures rose 0.3%, while S&P 500 futures stayed flat. US 10-year Treasury yields edged higher after recent declines.

Tech and European Stocks Lead Gains

Technology stocks like Nvidia and Super Micro rallied, while European shares rose 0.8% on Richemont’s strong jewelry sales.

Earnings Season Highlights

Morgan Stanley and Bank of America reported robust earnings, reinforcing optimism after strong performances from peers earlier this week.