Stock futures rose slightly on Thursday as traders awaited the release of new U.S. jobs data, following a session in which Alphabet lifted the S&P 500 and Nasdaq Composite.

Market Snapshot

At 7:56 a.m. ET, Dow Jones Industrial Average futures fell 31 points. S&P 500 and Nasdaq-100 futures were up 0.1% and 0.2%, respectively.

Pre-Market Movers

Figma posted second-quarter earnings that missed analysts' estimates and shares of the design-software company tumbled 15% in premarket trading. The report was Figma's first since it went public on July 31. Figma said revenue in the period rose 41% from a year earlier to $249.6 million, slightly below Wall Street estimates of $250 million. The company earned $846,000, or breakeven on a per-share basis, below expectations that called for a profit of 9 cents a share.

Salesforce, the cloud software company, reported second-quarter earnings and revenue that beat Wall Street forecasts but the stock fell 7.3% as its outlook for the third quarter disappointed, especially on revenue and backlog growth. Salesforce said it anticipates third-quarter revenue of $10.24 billion to $10.29 billion versus Wall Street forecasts of $10.29 billion.

Fiscal third-quarter earnings at Hewlett Packard Enterprise were better than expected and network revenue jumped 54%, getting a lift from HPE's acquisition of Juniper Networks in July. HPE, the server and cloud-software company, raised its fiscal-year forecast for revenue growth to 14% to 16%, up from prior guidance of 7% to 9%. The company expects adjusted earnings of $1.88 to $1.92 a share, higher than previous guidance of $1.78 to $1.90. "We are raising guidance because we are consolidating the Juniper results into our numbers," said CEO Antonio Neri. HPE shares rose 4% ahead of the opening bell.

Alphabet slipped 0.8% in premarket trading after the search giant closed Wednesday up 9.1% to an all-time high of $230.66. The stock was the S&P 500's best performer on Wednesday after a judge in the U.S. vs. Google antitrust case ruled the search company wouldn't have to sell its Chrome web browser.

Shares of Apple were down 0.4% in the premarket session. They gained 3.8% on Wednesday after U.S. District Judge Amit Mehta said Alphabet's Google wouldn't be barred from paying Apple to make Google the default search provider on its devices.

Credo Technology reported fiscal first-quarter adjusted earnings of 52 cents a share, beating analysts' estimates of 36 cents, as revenue rose 274% from a year earlier to $223.1 million and also topped expectations. The company forecast a second-quarter revenue range that at the midpoint of $235 million also beat estimates. Shares of Credo, a leader in AI data-enter connectivity, jumped 12%.

American Eagle Outfitters soared 27% after the apparel retailer reinstated guidance for the fiscal year that was better than analysts' expectations. The company had withdrawn guidance for the fiscal year in May, citing macroeconomic uncertainty. The new guidance projects fiscal-year adjusted operating income in the range of $255 million to $265 million on an adjusted basis, above Wall Street projections of $176 million. American Eagle said the fall season was off to a "positive start," fueled in part by an ad campaign with actress Sydney Sweeney and a separate partnership with Kansas City Chiefs tight end Travis Kelce.

C3.ai, Inc., the enterprise-AI software company, was falling 13% after forecasting second-quarter revenue of between $72 million and $80 million, below analysts' calls for $99.5 million. C3.ai also announced that Stephen Ehikian, who served most recently as President Donald Trump's appointee as acting administrator of the General Services Administration. was appointed CEO, effective Sept. 1, taking over from founder Thomas Siebel, who will continue as executive chairman.

Ciena posted fiscal third-quarter earnings and revenue that topped analysts' expectations. The networking-equipment company also issued an optimistic fourth-quarter outlook. Shares jumped 17%.

GitLab, a provider of software-development tools, tumbled 8% after second-quarter revenue missed analysts' estimates and it issued disappointing third-quarter earnings and revenue guidance. GitLab also said Chief Financial Officer Brian Robins was leaving the company for the same role at Snowflake.

Asana, Inc. jumped 7% after the enterprise work management platform posted second-quarter that topped analysts' estimates and it raised fiscal 2026 guidance.

Broadcom rose 0.2% premarket trading ahead of fiscal third-quarter earnings from the semiconductor and software company. Broadcom's report will be issued after the stock market closes Thursday.

Market News

Goldman Says Gold Near $5,000 Possible If Fed Standing Damaged

Gold could rally to almost $5,000 an ounce if the Federal Reserve ’ s independence were damaged and investors shifted just a small portion of holdings from Treasuries into bullion, Goldman Sachs Group Inc. said.

"A scenario where Fed independence is damaged would likely lead to higher inflation, lower stock and long-dated bond prices, and an erosion of the dollar ’ s reserve-currency status," analysts including Samantha Dart said in a note. "In contrast, gold is a store of value that doesn ’ t rely on institutional trust."

Palantir Partners with Lumen, Expands Lear Corp. Pact

Palantir Technologies Inc. and Lumen Technologies are partnering to bring Palantir ’ s Foundry and Artificial Intelligence Platform to Lumen as it shifts from a traditional telecom to a next-gen tech infrastructure company.

The tools will help Lumen streamline operations, improve decision-making, and modernize systems. "As Lumen powers the backbone of the AI economy, we ’ re determined to make our own operations intelligent and efficient, just like the networks we deliver to our customers," said Dave Ward, chief technology and product officer of Lumen Technologies. "Working with Palantir allows us to harness AI to accelerate our modernization efforts and deliver the network and services our customers need in the AI era."

Goldman to Buy $1 Billion of T. Rowe Stock as Firms Team Up

Goldman Sachs will invest as much as $1 billion in T. Rowe Price and team up with the asset manager to sell private-market products to retail investors.

The unusual arrangement means Goldman will use its balance sheet to hold equity in T. Rowe, whose stock has tumbled more than 50% from its 2021 peak. The companies will collaborate on a range of investments for retirement savers and wealthy investors, they said in an emailed statement.