- On Thursday, the market experienced a premarket rally in US technology shares as positive earnings outlooks from Tesla and other companies offset recent disappointments.
- The Nasdaq index contracts increased by roughly 0.5%, with Tesla up by about 8% in premarket trading in New York after the company topped earnings and sales expectations and chief executive Elon Musk forecasted an increase in vehicle sales this year. Its announcement and that of International Business Machines helped to lessen the impact of the gloomy sales warning from Microsoft that had earlier in the week depressed tech shares.
- Investors praised the results from chipmaker ST Microelectronics and telecoms giant Nokia in Europe, which helped the Stoxx 600 index rise by 0.5%.
