Investing.com – U.S. futures were mixed on Thursday, with Facebook (NASDAQ:) leading technology stocks as it continues to grow despite last year’s privacy scandals.
The social media giant was up 11.38% in premarket trading after it reported better-than-expected earnings on Wednesday, despite the company being riddled with scandals and calls to boycott it over privacy concerns.
The rose 3 points or 0.13% as of 6:40 AM ET (11:40 GMT) while lost 2 points, or 0.01%. Meanwhile tech heavy increased 29 points, or 0.44%.
Earnings season will be its busiest on Thursday, with results from Hershey Company (NYSE:), Sprint Corp (NYSE:) and Amazon (NASDAQ:), among others.
Apple (NASDAQ:) rose 0.45%, while Royal Dutch Shell PLC ADR (NYSE:) jumped 4.74% after its full-year profit surged to a four-year high. Netflix (NASDAQ:) increased 0.39% and Advanced Micro Devices Inc (NASDAQ:) gained 0.69%.
General Electric (NYSE:) jumped 2.8% after its revenue beat expectations.
Elsewhere, Microsoft (NASDAQ:) fell 2.12% after it issued mixed earnings, while Tesla (NASDAQ:) slumped 4.75% after it’s earnings were mixed and it announced its chief financial officer is leaving.
Investors will likely keep an eye on weekly due at 8:30 AM ET (13:30 GMT), especially after the Federal Reserve signaled a pause on interest rate hikes due to concerns of a global economic slowdown.
In commodities, rose 0.92% to $1,322.00 a troy ounce, while decreased 0.22% to $54.11 a barrel. The , which measures the greenback against a basket of six major currencies, was flat at 95.03.
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