Nasdaq 100 futures rise as investors parse latest tech earnings, await jobs data
Nasdaq 100 futures advanced Thursday night as traders analyzed major earnings reports in the runup to the all-important jobs report.
Futures tied to the tech-focused index added 0.3%. Dow Jones Industrial Average futures climbed 83 points, or 0.2%. S&P 500 futures ticked up 0.3%.
Amazon rallied more than 5% as strength in the cloud and advertising businesses propelled the ecommerce giant above Wall Street’s earnings expectations. Intel soared more than 5% after exceeding analysts’ forecasts for revenue and offering strong guidance.
Those moves come after a downbeat session on Thursday, which saw the S&P 500 and Nasdaq Composite dragged down by post-earnings slumps in Microsoft and Meta Platforms. Both of the indexes notched their worst sessions since early September.
The Dow, meanwhile, tumbled more than 300 points. The blue-chip average was led lower by Microsoft, Intel and Amazon as the reports spooked investors on big tech.
Source: CNBC
