US stock futures rose on Friday, on track for weekly wins as Wall Street embraced strong earnings from Apple (AAPL) and Amazon (AMZN) that eased doubts about prospects for Big Tech.
S&P 500 futures (ES=F) gained 0.7%, while those on the Nasdaq 100 (NQ=F) surged 1.2%. Futures on the Dow Jones Industrial Average (YM=F), which includes fewer tech stocks, wobbled along the flatline.
Amazon stock soared almost 13% in premarket trading after its third quarter results easily topped analysts’ forecasts. In particular, its cloud division Amazon Web Services posted a 20% jump in revenue, signaling renewed strength in enterprise demand. Apple’s (AAPL) stronger-than-expected results helped lift its shares, as did its upbeat guidance for the all-important holiday quarter.
The mood on techs has turned following a rough day on Wall Street that saw the S&P 500 (^GSPC) and Nasdaq…
