NEW YORK (TheStreet) -- U.S. stock futures are up in pre-market trading on Thursday after all three major indices closed trading down on Wednesday despite the Federal Reserve's decision to keep interest rates at their current levels.
The S&P 500, Nasdaq and Dow Jones Industrial Average are up 0.19%, 0.7% and 0.06%, respectively.
Global markets didn't fare as well today, though Hong Kong's Hang Seng market was the lone bright spot in Asia. The Shanghai Composite fell 2.92%, while Japan's Nikkei index declined 0.71%. The Hang Seng closed trading up 0.73%.
Meanwhile in Europe, the German DAX is down 1.52%, France's CAC 40 is off 1.17% and the U.K. FTSE 100 is down 0.84% with about three hours left in trading. A report from the European Commission showing that executive and consumer confidence has fallen to its lowest level in five months is contributing to the decline.
Emerging markets are rising today after the Fed kept interest rates low while also acknowledging the risks still apparent in the global marketplace. Fed officials said they would continue to monitor global economic developments while deciding how to gradually raise the cost of borrowing.
In U.S. stock news, Action Alerts PLUS holding Facebook (FB) is continuing to spike in pre-market trading -- up about 13% -- following the release of its fourth-quarter results after the closing bell on Wednesday. The social media company reported adjusted earnings of $0.79 per share, topping analysts' expectations by $0.11 and beating its year-ago EPS of $0.54. Revenue for the period rose to $5.84 billion vs. $3.85 billion a year ago, also topping analysts $5.36 billion forecast.
(Read Jim Cramer's take on why Facebook is the best story of the year so far)
Fellow Action Alerts PLUS holding PayPal (PYPL) also topped Wall Street expectations, earning $0.36 per share, topping analyst expectations by $0.01. Growth Seeker holding Under Armour (UA) beat analysts' bottom-line expectations, with EPS of $0.48, while also providing full-year sales guidance that was above Wall Street expectations. eBay (EBAY) matched analyst forecasts, earning $0.50 per share, but also provided full-year revenue guidance below expectations.
Separately, TheStreet's Jim Cramer commented on a number of stocks during yesterday's Mad Money show:
Sprint (S): "I'm not feeling the love. I think you can take the money and run."
Dunkin Brands (DNKN): "I don't like Dunkin. They missed a lot of quarters and I think that McDonald's (MCD) is taking share."
Alcatel-Lucent (ALU): "This one is OK. I like Cisco Systems (CSCO) with its 3% yield."
- Japanese retail sales fell more than expected in December, pointing towards sluggish economic growth in the fourth quarter. Retail sales in Japan fell 1.1% in December from a year earlier, the second straight month of declines. This was much more than a median market forecast for a 0.1% decline, according to Reuters.
- Germany took more than 200 tons of gold back home to Frankfurt from overseas last year, according to central bank data released on Wednesday. Germany has more than 3,381 tons of gold reserves, but only about 40% of these are held in Frankfurt. Almost 40% is held by the Federal Reserve in the U.S., and about 400 tons are held by the Bank of England.
- Officials from the International Monetary Fund (IMF) and the World Bank are going to Azerbaijan to discuss a possible loan package worth $4 billion following the collapse in the country's currency brought on by the fall in the price of crude oil, the Financial Times reports. This could be the first of a series of bailouts designed to help contain a nascent crisis caused by the fall in oil prices.
- As expected, Deustche Bank (DB) reported its first loss after the financial crisis in the fourth quarter of last year, with weakness in its investment banking business adding to mounting legal and restructuring costs, the Wall Street Journal reports. Germany's largest bank reported a fourth-quarter net loss of 2.1 billion euros ($2.3 billion) and full-year net loss of 6.8 billion euros.
- Lower sales in the U.S. put some pressure on U.K.-based spirits maker Diageo (DEO) in the second half of last year. The drinks company's operating profit fell 3% year on year, with organic sales in North America falling by 2%.