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Stock futures rose Friday as investors digested strong quarterly results from tech giants Amazon and Apple.
Futures for the Dow Jones Industrials gained 73 points, or 0.2%, to 47,751.
Futures for the S&P 500 index hiked 55.5 points, or 0.8%, to 6,911.
Futures for the NASDAQ vaulted 354.25 points, or 1.4%, to 26,237.
October — which has experienced some of the largest one-day losses in stock market history — has seen the S&P 500 climb 2% over the month.
The NASDAQ has jumped nearly 4.1% and the 30-stock Dow is up 2.4% month to date. The Dow is on pace for its sixth positive month in a row for the first time since 2018.
Amazon shares rallied more than 12% after the e-commerce giant said its cloud computing unit’s revenue increased 20% in the third quarter, exceeding Wall Street’s estimates. Apple rose about 2% on the back of its strong fiscal fourth-quarter earnings and forecast for the iPhone maker’s December quarter.
Streaming leader Netflix also added more than 2% after the company announced a 10-for-one stock split.
President Donald Trump and President Xi Jinping on Thursday reached a one-year trade truce after their meeting in South Korea, soothing some investor concerns about the possibility of an all-out trade war between both nations.
Trump agreed to cut tariffs on China tied to fentanyl by 10% effective immediately, reducing overall levies on Chinese goods to around 47%, while Beijing agreed to a one-year pause on the export controls for rare earths it announced earlier this month.
Other areas of dispute, such as export controls on sales of Nvidia’s advanced AI chips and the divestiture of U.S. TikTok operations, were unresolved, however.
In Japan, the Nikkei 225 popped 2.1% Friday, while in Hong Kong, the Hang Seng slid 1.4%.
Oil prices lost 15 cents to $60.42 U.S. a barrel.
Gold prices spiked $6.80 to $4,022.70 U.S. per ounce.
