Futures Sink, Sign of Lower Open
The TSX Composite acquired enough momentum to close Wednesday higher 11.44 points to 20,969.18.
March futures were down 0.2% Thursday.
The Canadian dollar moved back 0.14 cents to 74.13 cents U.S.
Among individual stocks, Canada's second-biggest life insurer, Sun Life Financial, reported a 10% rise in fourth-quarter core profit on Wednesday after the closing bell.
Meanwhile, Bombardier forecast better-than-expected 2024 revenue on Thursday.
ON BAYSTREET
The TSX Venture Exchange slid 0.84 points Wednesday to 547.32.
ON WALLSTREET
Stock futures hovered near the flatline Thursday morning after the S&P 500 finished the regular session on the brink of the 5,000 milestone.
Futures for the Dow Jones Industrials index doffed seven points to 38,767.
Futures for the S&P 500 sifted off 7.25 points, or 0.1%, at 5,008.
Futures for the NASDAQ dipped 27.5 points, or 0.2%, to 17,814.25.
Disney shares surged about 8% before the bell after the media giant beat quarterly earnings estimates and raised its guidance amid its cost-cutting effort. Chipmaker and designer Arm jumped nearly 30% after the company reported stronger-than-expected earnings and gave an upbeat profit forecast.
Stocks are coming off a winning session that saw the S&P 500 edge close to 5,000 S&P 500 in a rally led by strong earnings report and technology continuing their chug along. The fourth-quarter earnings season has been stronger than expected, boosting investor confidence that the healthy economy could continue driving corporate profits.
Big tech Meta Platforms surged another 3% Wednesday, while Nvidia and Microsoft rose about 2% each to fresh record highs. The NASDAQ
Composite jumped nearly 1% to another all-time closing high, and the blue-chip Dow rallied about 150 points.
Investors will monitor fresh jobless claims data on Thursday to gauge the health of the labor market.
In Japan, the Nikkei 225 bounced 2.1% higher Thursday, while in Hong Kong, the Hang Seng Index skidded 1.3%.
Oil prices advanced 95 cents to $74.81 U.S. a barrel.
Gold prices settled $12.40 to $2,039.30 U.S. an ounce.
Provided Content: Content provided by Baystreet. The Globe and Mail was not involved, and material was not reviewed prior to publication.
