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Stocks market set to extend records on Wall Street, led by Facebook

After forecasting-beating Facebook results, investors wait for Twitter to report

U.S. stocks on Thursday looked set to add to all-time highs, propelled by enthusiasm for technology shares, as Facebook Inc., delivered upbeat results late Wednesday.

Shares of Twitter Inc., however, tumbled in premarket trade after the microblogging platform reported lackluster user growth, as corporate unfurled during one the busier periods of earnings season.

Futures indicated U.S. stock markets are likely to hold at the record levels reached in the prior session. Dow Jones Industrial Average futures YMU7, +0.10% rose 23 points, or 0.1%, to 21,678, while S&P 500 futures ESU7, +0.18% gained 4.45 points, or 0.2%, to 2,477.75. Nasdaq-100 futures NQU7, +0.57% jumped 31.50 points, or 0.5%, to 5,979.50.

Facebook’s strong showing was likely behind the tech gains building Thursday, said Craig Erlam, senior market analyst at Oanda, in emailed comments.

“Tech stocks are having to live up to lofty expectations, given the gains they’ve experienced this year—particularly in the bigger names—and the levels of growth we’re seeing are doing just...


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