US stocks looked poised to bounce back on Friday as investors digested earnings results from Amazon ( AMZN ) and Intel ( INTC ) and the all-important monthly jobs report.
Futures on the Nasdaq 100 were up 0.6%, while the S&P 500 was up 0.5%, both rebounding from big falls caused by falls in Meta and Microsoft's share prices after earnings announcements. The Dow Jones Industrial Average futures market jumped 0.5%.
Positive earnings from Amazon eased the gloom over the big tech outlook that sent stocks lower on Thursday. Its shares jumped more than 6% in pre-market after CEO Andy Jassy said its AI business experienced triple-digit revenue growth.
Investor appetite also increased following better-than-expected earnings results and forecasts from Intel, which revived hopes for the chipmaker's recovery and boosted its stock value. However, Apple shares fell slightly when its results and projections did not meet Wall Street's expectations.
Markets also took in stride the disappointing headline numbers from the all-important jobs report, when the US economy added just 12,000 jobs in October, far short of expectations. The government said the figures were affected by the storm and recent strike activity, particularly at Boeing (BA).
Markets now make a 98% chance of a quarter-point rate cut at next week's Fed meeting, according to CME FedWatch.
In corporate developments, Boeing shares rose slightly after unions backed their latest bid to end a damaging strike by factory workers. This new offer will increase wages by 38%.
