Heading into the Week Closing, Wall Street Stock Market 'Steady'

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US stock futures remained steady on Friday after rising sharply in the previous session as better-than-expected labor market data eased fears of a sharp economic slowdown.


In extended trading, Paramount Global jumped more than 5% on strong quarterly earnings, while E.l.f. Beauty fell 10.5% after issuing weak forecasts.


In Thursday's trade, the S&P 500 rose 2.3%, marking its best daily trading performance since November 2022.


The Dow and Nasdaq Composite also rose 1.76% and 2.87% respectively.


The latest data showed lower-than-expected initial weekly US jobless claims, easing concerns about a sharp slowdown in the world's largest economy.


Megacap technology companies showed a rebound, with strong gains from Nvidia (6.1%), Meta Platforms (4.2%) and Tesla (3.7%).


Eli Lilly also jumped 9.2% on upbeat earnings and projections. On the other hand, Warner Bros. and Monster Beverage fell 9% and 10.9%, respectively, due to disappointing reported results.

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