After optimistic predictions from IBM and AT&T, the S&P 500 and Dow futures are higher.

Thursday saw gains for the Dow and S&P 500 futures as Tesla's falls following its warning that it would miss its vehicle delivery target this year were partially offset by optimistic outlooks from IBM and AT&T.

Following a 2.5% increase by rival cellphone provider AT&T Inc, shares of fellow blue-chip company Verizon Communications Inc increased by 0.6%.

Additionally, American Airlines Group Inc. anticipates exceeding Wall Street forecasts for profit in the December quarter, driving its shares up 2.9%.

The optimistic predictions follow strong reports from major U.S. banks, Netflix Inc., Procter & Gamble Co., and Travelers Companies Inc., which led analysts to lift their projections for S&P 500 companies' third-quarter profit growth to 3% from 2.8%, according to Refinitiv data.

The estimate, meanwhile, is still well below the 11.1% growth predicted at the beginning of July.

Fears of the Federal Reserve raising interest rates aggressively in the coming months have taken a toll on the major U.S. indices, driving Treasury yields to multi-year highs despite little evidence of a slowdown in U.S. inflation.

In its meeting in November, the U.S. central bank is anticipated to announce its fourth consecutive 75 basis-point increase; some analysts have even priced in a full percentage point increase.

Ahead of results the next week, Alphabet Inc. and Meta Platforms Inc. saw a slight increase in stock price.

At 7:40 a.m. ET, the S&P 500 e-minis were up 6 points, or 0.16%, the Nasdaq 100 e-minis were down 8.5 points, or 0.08%, and the Dow e-minis were up 117 points, or 0.38%.