Major stock indexes in the United States traded higher in the premarket session on Friday, reversing the losses from Thursday when markets closed lower, with the Dow losing 230 points. Costco reported a 7.5% increase in Q1 net sales, reaching $60.99 billion, while Broadcom's Q4 revenue surged 51% to $14 billion, propelling its stock up 13.98% in premarket trading today.
In corporate updates, Amazon announced plans to contribute $1 million to President-elect Donald Trump’s inauguration, matching Meta's earlier pledge. Additionally, reports suggest that Trump is conversing with Google's CEO at Mar-a-Lago. These developments signal growing alignment between tech giants and the incoming administration, fueling optimism among investors.
At 4:28 am CET, the Dow Jones Industrial Average traded 0.23% or 100 points higher, the Nasdaq 100 climbed 0.63% and the S&P 500 rose 0.32% in the premarket operations. The euro traded flat against the dollar, exchanging at 1.04713 at 4:26 am ET.
