U.S. stock futures were higher early Friday as Wall Street staged a sharp rebound, with upbeat earnings from Amazon adding to optimism.
Futures for the Dow Jones Industrials spiked 310 points, or 0.6%, to 52,690.
Futures for the S&P 500 jumped 34 points, or 0.5%, to 7,506.50.
Futures for the NASDAQ Composite leaped 353.50 points, or 1.3%, to 28,592.
Amazon surged 13% after reporting better-than-expected second-quarter revenue. The results, which were aided by the strength of its cloud-computing business, reinforced investor confidence in artificial intelligence spending.
Apple, in contrast, was more than 7% lower ahead of Friday’s opening bell. The firm’s fiscal third-quarter revenue topped expectations, helped by a 22% jump in iPhone sales, though a shortfall in service revenue pushed its stock lower.
Meta, which sank almost 8% in Thursday’s session, was up 1.7% in premarket trade.
The moves followed a powerful rally during Thursday’s session led by Microsoft — which jumped 16% after the software giant posted stronger-than-expected Azure cloud growth.
Despite the week’s sharp swings, the major averages remained on track to finish higher. The Dow was up about 0.5% for the week heading into Friday’s session, while the S&P 500 had gained roughly 0.4% and the NASDAQ Composite was ahead about 0.6%.
In Japan, the Nikkei 225 galloped 4% Friday, while in Hong Kong, the Hang Seng acquired 0.1%.
Oil prices moved higher 57 cents to $84.16 U.S. a barrel.
Gold prices sank $46.80 to $4,113.80 U.S an ounce.
