Futures for U.S. markets indicate a higher open Thursday after a record Wednesday as investors cheer the new administration's policies and are buoyed by the latest earnings season.
The Dow Jones Industrial Average added 0.09%, the S&P 500 0.04% and Nasdaq 0.14% at 9:07 p.m. EST.
Trading this week has shown that investors believe President Trump will be good for business. Earnings that are better-than-expected are also helping make optimism frothy and will likely push markets higher Thursday following Wednesday, where all three indices reached new records.
The Dow ended Wednesday 0.78% higher at 20,068.51 while the S&P added 0.8% to 2,298.37 and Nasdaq gained 0.99% to 5,656.34. Europe was also euphoric about the latest earnings season with Germany's Dax gaining 1.8%, the FTSE in London 0.2% and the Cac in Paris 0.99%.
Asia also caught the fever early Thursday with Japan's Nikkei gaining 1.45%, the Hang Seng in Hong Kong 1.23% and the ASX in Australia 0.38%.
After slipping Wednesday, oil gained as Asia awoke with a future for a barrel of industry standard crude delivered in March gaining 0.58% to $55.40 at 9:14 p.m. EST. A future for a barrel of its West Texas peer also delivered in March gained 0.61% to $53.07 at the same time.
The dollar didn't do so well. The dollar index, which uses other currencies as a yardstick for the greenback, slipped 3 basis points to 99.88 after spending most of the year above 100.
After the market close, eBay posted adjusted earnings of 54 cents per share, beating analyst projections by a penny. Revenue came in at $2.39 billion, which matched analyst estimates.
Gross merchandise volume, or the value of all products sold on its platform, increased 5% year-over-year to $22.3 billion, but fell slightly below Wall Street's expected $22.4 billion. The San Jose, Calif.-based company said it added 2 million active customers across its entire platform, totaling 167 million active buyers, which was higher than Wall Street's estimated 162 million.
In decliners, shares of Mattel(MAT) - Get Report dropped 10.65%, to $28.20, after the toy company had a disappointing Christmas season. The company said it earned 50 cents per share in the fourth quarter, down from 63 cents a year earlier and well off the 71 cents expected by FactSet analysts.
El Segundo, Calif.-based Mattel said sales were $1.83 billion, below the $2 billion in the same quarter a year earlier and also missing the $1.96 billion Wall Street wanted.
Gross sales of Fisher-Price products were down 3% worldwide, and Barbie gross sales fell 2% globally.
Action Alerts PLUS, which Cramer co-manages as a charitable trust, has no positions in the stocks mentioned.