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Multiple Chicago area schools closed, delayed due to icy conditions: Full List

U.S. stock futures climbed Thursday after the major averages posted back-to-back winning sessions, as investors weighed the latest batch of corporate earnings.

Futures tied to the Dow Jones Industrial Average, along with S&P 500 futures, hovered around the flatline. Nasdaq 100 futures were also flat.

    Semiconductor names slid in extended trading, with Qualcomm, Arm and Skyworks Solutions respectively losing roughly 5%, 4% and 29% after reporting their latest quarterly results. Ford Motor fell nearly 5% after the automaker forecast a difficult 2025.

    Honeywell shares were also down more than 4% after the company issued full-year earnings guidance that fell short of what analysts anticipated.

    The moves followed a second day of gains for the major stock averages. The Dow added 317.24 points, or 0.71%, during the day’s regular session. The S&P 500 and Nasdaq Composite gained 0.39% and 0.19%, respectively, aided by a jump in Nvidia shares.

    Investors seemed to shake off worries around tariffs, which began on Monday after President Donald Trump announced a 10% levy on Chinese imports over the weekend. Sentiment improved after the president paused duties on Mexican and Canadian goods.

    “I think the market is coming around to a view I have, which is that this too shall pass,” said Ed Yardeni, president of Yardeni Research, on Wednesday on CNBC’s “Closing Bell.” “The market increasingly is focusing on what’s important, and that is earnings. The earnings outlook is, I think, extremely good.”

    Peloton shares jump after revenue beat, guidance raise

    Shares of Peloton soared 14% in the premarket Thursday after the company recorded better-than-expected revenue for its fiscal second quarter and raised its full-year forecast.

    For the period, Peloton posted revenue of $674 million, above the $654 million that analysts surveyed by LSEG were expecting. However, the company posted a larger earnings loss than expected, reporting a loss of 24 cents per share compared to the loss of 18 cents per share that analysts had estimated, per LSEG.

    Peloton also raised its full-year guidance for earnings and free cash flow. The company now expects adjusted EBITDA in that period to come in between $300 million and $350 million, up from its prior guidance range of $240 million to $290 million. For free cash flow, Peloton anticipates generating at least $200 million, up from its prior guidance of $125 million.

    — Sean Conlon

    Eli Lilly rises on earnings beat

    Shares of Eli Lilly rose more than 1% after the pharmaceutical giant reported quarterly earnings that beat analyst expectations.

    The company earned $5.32 per share, while analysts polled by LSEG expected a profit of $4.95 per share. Revenue of $13.53 billion was just below a consensus forecast of $13.57 billion.

    — Fred Imbert

    Honeywell shares slide on disappointing guidance

    Honeywell shares fell more than 4% this premarket after the industrial giant issued lighter-than-anticipated earnings and revenue guidance.

    The company expected earnings per share in a range of $10.10 to $10.50, while analysts polled by FactSet anticipated a forecast around $10.92 per share. As for revenue, Honeywell said it sees it ranging between $39.6 billion and $40.6 billion, while analysts anticipated guidance of $41.26 billion.

    — Fred Imbert

    Europe stocks rise; FTSE 100 leads ahead of BOE decision

    European stock markets were broadly higher in early deals Thursday, with the Stoxx 600 index climbing 0.68% as sentiment continues to rebuild following the tariff-sparked sell-off on Monday.

    The U.K.’s FTSE 100 was up 1% at 8:45 a.m. in London, while the British pound dropped 0.45% against the U.S. dollar, as traders gear up for an interest rate announcement and forecasts from the Bank of England.

    The central bank is widely expected to cut rates by a quarter-point, so attention will be on policymakers’ communications on inflationary pressures and the U.K. growth outlook.

    Yields on U.K. government bonds, which have cooled significantly following a spike last month, were slightly higher. The 2-year gilt yield was up two basis points at 4.162%.

    — Jenni Reid

    China stocks and currency face a tough 2025 regardless of tariffs, Capital Economics says

    Stocks in China and the renminbi face “a tough year regardless of how trade tensions play out,” according to Thomas Mathews, head of Asia Pacific markets at Capital Economics.

    Higher tariffs, or elevated tariffs that remain where they are, leave plenty of room for “China’s markets to deteriorate,” according to the firm, a London-based researcher. “But tariffs are, in our view, only one reason to be downbeat,” Mathews wrote Wednesday.

    China’s tepid economy ought to keep down bond yields, and the central bank is more likely “to let the currency weaken.”

    Meanwhile, stock market investors may be too optimistic about the effect of government measures to boost the economy and too confident about the ability of companies in China to “generate sustained growth in earnings per share,” Mathews said, arguing that “despite a recent pick-up, EPS are still lower than they were ten years ago. And the economic backdrop of that decade was much rosier than we think the next one will be.”

    — Scott Schnipper

    Stocks making the biggest moves after the bell: Qualcomm, Ford Motor and more

    These are the stocks moving the most in extended trading hours:

    Qualcomm — The semiconductor stock slipped close to 5% despite reporting stronger-than-expected earnings and revenue for its fiscal first quarter.Ford Motor — Shares tumbled 5% after the automaker predicted a tougher year ahead.Arm Holdings — Shares shed almost 5% despite the semiconductor company posting a fiscal third-quarter adjusted earnings and revenue beat.

    Read the full list of stocks moving here.

    — Lisa Kailai Han

    Stock futures are little changed

    Stock futures traded near flat Wednesday night.

    Dow futures slipped just under 0.1% shortly after 6 p.m. ET, while S&P 500 and Nasdaq 100 futures were both trading around the flatline.

    — Lisa Kailai Han

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