US Futures Rise on Strong Earnings; Jobs Data in Focus

US stock futures climbed on Friday, buoyed by robust earnings reports from major tech companies, while investors awaited the October jobs report.

In after-hours trading, Amazon surged nearly 6% following better-than-expected Q3 results, bolstered by growth in its cloud and advertising sectors.

Intel also rallied 7% on stronger-than-anticipated revenue and an optimistic sales outlook.

In contrast, Apple experienced a nearly 2% decline despite solid quarterly results.

The iPhone maker warned of tepid growth for the holiday season and ongoing challenges in the China market.

On Thursday, the major indexes faced setbacks: the Dow fell 0.9%, the S&P 500 dropped 1.86%, and the Nasdaq Composite tumbled 2.76%.

The downturn was attributed to disappointing earnings guidance from Microsoft and Meta, which sparked concerns over rising AI costs and potential profit pressures.

With eyes now on crucial employment data and more earnings reports, investors are poised for further market reactions.