By Oliver Gray
Investing.com - U.S. stock futures were higher in early APAC deals on Friday, after major benchmark averages finished Thursday’s regular session in the green as market participants reacted positively to the U.S. Federal Reserve’s decision to hike interest rates, while monitoring the ongoing conflict in Ukraine.
During Thursday’s trade, the Dow Jones Industrial Average traded 417.66 points higher or 1.2% to 34,480.76. The S&P 500 gained 53.81 points or 1.2% to 4,411.67, and the NASDAQ Composite added 178.23 points or 1.3% to 13,614.78.
Dow Jones Futures fell 0.45%, S&P 500 Futures dipped 0.5% and Nasdaq 100 Futures lost 0.54%.
Among stocks, technology companies pushed higher, as Block Inc (NYSE:SQ) added 10.26%, Amazon.com Inc (NASDAQ:AMZN) gained 2.7%, Microsoft Corporation (NASDAQ:MSFT) lifted 0.28%, Meta Platforms Inc (NASDAQ:FB) added 2.07%, Twitter Inc (NYSE:TWTR) gained 5.46%, Alphabet Inc (NASDAQ:GOOGL) lifted 0.42% and Netflix Inc (NASDAQ:NFLX) gained 3.88%.
Major financials were mostly higher, with JPMorgan Chase & Co (NYSE:JPM) up 1.26%, Bank of America Corp (NYSE:BAC) adding 0.54%, Citigroup Inc (NYSE:C) up 0.86%, Morgan Stanley (NYSE:MS) lifting 2.29% and Goldman Sachs Group Inc (NYSE:GS) adding 0.74% while Citizens Financial Group Inc (NYSE:CFG) and Wells Fargo & Company (NYSE:WFC) fell 1.19% and 0.23% respectively.
Oil-related companies also surged after Crude Oil WTI Futures jumped 8% overnight, with Occidental Petroleum Corporation (NYSE:OXY) surging 9.47%, Devon Energy Corporation (NYSE:DVN) adding 9.65%, Exxon Mobil Corp (NYSE:XOM) up 2.66%, Chevron Corp (NYSE:CVX) lifting 1.73% and ConocoPhillips (NYSE:COP) up 4.23%.
In extended trades, FedEx Corporation (NYSE:FDX) lost 2.95% after posting lower-than-expected quarterly profits, while GameStop Corp (NYSE:GME) fell 8.21% in extended trading after reporting a greater than expected loss during the quarter.
On the bond markets, United States 10-Year rates eased slightly to 2.145%.