US equity futures were higher premarket Thursday as traders digested upbeat Q4 earnings from chipmaker Nvidia (NVDA).
The Dow Jones Industrial Average futures were 0.2% higher, S&P 500 futures increased 0.6%, and Nasdaq futures were up 0.8%.
Nvidia shares were up 2.5% pre-bell after the chipmaker late Wednesday reported higher fiscal Q4 results that topped analyst estimates and issued an upbeat Q1 revenue outlook.
Oil prices were higher, with front-month global benchmark North Sea Brent crude up 1.1% $72.89 per barrel and US West Texas Intermediate crude 1.2% higher at $69.43 per barrel.
Q4 gross domestic product, scheduled for release at 8:30 am ET, is seen coming in unchanged from the first estimate at a 2.3% annual growth, according to forecasts compiled by Bloomberg.
New orders for durable goods, also due at 8:30 am ET, are expected to have risen by 2% in January following a 2.2% fall in the preceding month. New unemployment claims are seen rising to 222,000 for the week ended Feb. 22 from 219,000 in the prior week.
