As investors digested a mixed collection of economic data and profit announcements, stock futures pointed to a slightly higher beginning Friday morning, maintaining near-record levels.
The S&P 500, Dow, and Nasdaq all saw their contracts rise. On Thursday, the S&P 500 and the Dow both closed at new highs, as investors remained optimistic about the pace of the economic recovery and the strength of corporate earnings results.
Disney (DIS) stock soared after the Dow component reported revenue and earnings for the most recent quarter that exceeded forecasts, with growth at its highly watched Disney+ streaming platform holding up better than expected.
However, Airbnb (ABNB) stock dropped as the home rental business predicted a drop in current-quarter reservations due to the Delta variant issue weighing on travel. Shares of DoorDash (DASH) plummeted as well, although the business reported second-quarter sales and earnings that beat expectations, thanks to strong food delivery.
On Friday morning, European stock indexes gained moderately to new highs, despite overnight weakening in Asia.
In London, the FTSE 100 (FTSE) was up 0.3 percent shortly after the market opened. The blue-chip index rose to a new 18-month high in early trade after reaching new post-pandemic highs earlier in the week.
In Frankfurt, the DAX (GDAXI) rose 0.1 percent, returning to record highs. In Paris, the CAC (FCHI) hit an all-time high, rising 0.2 percent.
Economic recovery and growing optimism about vaccines' capacity to manage the COVID-19 epidemic has boosted European stock markets. There was little substantial economic or corporate news to drive sentiment on Friday morning.
As the Chinese EV startup and its local rivals speed up on battling Tesla (TSLA) in Europe, Nio (NIO) posted better-than-expected second-quarter results and provided positive revenue guidance. Nio's stock dropped on Thursday.
Other Chinese equities fell as the Communist Party's Central Committee unveiled a new five-year plan late Wednesday that called for more control across a wide range of industries and the economy.
It comes after a previous crackdown on Chinese technology businesses, educational institutions, and video game producers.