Dow Jones futures edged lower early Thursday, while S&P 500 futures and Nasdaq futures rose modestly. Tesla, Meta Platforms, Microsoft headlined a huge slate of Wednesday night earnings, with ServiceNow and IBM also key.

Tesla rose on robotaxi bets despite an earnings miss. Microsoft and ServiceNow tumbled while Meta rose. (Bloomberg) -- Norway’s sovereign wealth fund was underweight on US tech stocks last year, a move that hit 2024 returns but may have helped it weather recent turmoil caused by the challenge posed by Chinese artificial intelligence startup DeepSeek.

The major indexes rose toward record highs Thursday with Tesla regaining a key level. Apple stock flashed a buy signal late on earnings.

Stocks are ticking higher on Wall Street following a rush of profit reports from some of the country’s most influential companies. The S&P 500 rose 0.3% in early Thursday trading.

Microsoft on Wednesday forecast disappointing growth in its Azure cloud computing business, sending its shares down more than 5% as investors worry about big spending, elusive artificial intelligence revenue and growing competition from cheaper AI models from China.

Microsoft reported second-quarter earnings and revenue that beat Wall Street estimates on Wednesday. The company said earnings were $3.23 a share on revenue of $69.6 billion. Analysts surveyed by FactSet were expecting earnings of $3.