Futures for the Dow Jones Industrials regained 202 points, or 0.6%, to 33,428.
Futures for the S&P 500 jumped 50 points, or 1.2%, to 4,230.25.
Futures for the NASDAQ Composite Index popped 219.5 points, or 1.7%, to 13,228.50.
The S&P 500 was down 7.7% for April — on pace for its biggest monthly decline since March 2020. The NASDAQ Composite has lost more than 12% since the start of April and is headed for its worst one-month performance since October 2008. The Dow has been the relative outperformer, losing about 4% this month.
Shares of Meta surged more than 14% following a beat on earnings, a sign that investors may see signs of relief in the beaten-up tech sector.
Shares were down 48% on the year heading into the results.
Meanwhile, shares of Qualcomm gained more than 6% in extended trading on the back of strong earnings, while PayPal rose roughly 3% despite issuing weak guidance for the second quarter.
McDonald’s, Merck, Eli Lilly and Southwest were all higher in early morning trading after better-than-expected quarterly reports.
In Asia, the Nikkei 225 in Japan gained 1.8% Thursday, while in Hong Kong, the Hang Seng index shot higher 1.7%.
Oil prices fell 14 cents to $101.88 U.S. a barrel.
Gold prices moved ahead $6.70 to $1,895.40 U.S.