Dow Jones Today: Stock Futures Mostly Rise After Amazon, Apple Results; Indexes on Track for Weekly, Monthly Gains

Stock futures pointed mostly higher Friday after tech giants Amazon and Apple reported strong quarterly results, with major indexes poised to end the week and month with solid gains. 

Futures associated with the tech-heavy Nasdaq and benchmark S&P 500 were up 1.2% and 0.6%, respectively, while those affiliated with the blue-chip Dow Jones Industrial Average were fractionally lower.

Yesterday, the Nasdaq, S&P 500, and Dow closed down a respective 1.6%, 1%, and 0.2% as shares of Meta Platforms (META) sank 11% and Microsoft (MSFT) fell 3% following earnings reports after markets closed Wednesday.

However, strong results from fellow Magnificent Seven members Amazon (AMZN) and Apple (AAPL) after the bell Thursday were lifting stock futures this morning. Amazon shares soared 12% in premarket trading, on pace to set an all-time high when markets opened, while those of Apple—the world’s second-most-valuable company behind only AI chipmaker Nvidia (NVDA), with a market capitalization above $4 trillion—were up 2%.

Shares of Nvidia, which fell back below a $5 trillion market valuation following yesterday’s 2% decline, advanced roughly 2% before the bell on news it is partnering with Samsung and other South Korean firms to deploy 250,000 of its chips across the Asian country. Meta and Microsoft shares also rebounded from yesterday’s sharp declines, up a respective 1.5% and 0.5%.

Reddit (RDDT) stock popped 12% after better-than-expected results, while Netflix (NFLX) shares rose 3% after the biggest streaming company announced a 10-to-1 stock split.

Among notable stocks making moves after quarterly results, energy giants Chevron (CVX) and ExxonMobil (XOM) shares were up 0.6% and down 0.8%, respectively; cryptocurrency-treasury firm Strategy (MSTR) and crypto exchange Coinbase Global (COIN) were up a respective 7% and 4%; cybersecurity company Cloudflare (NET) surged 8%; data-storage firm Western Digital (WDC) jumped 11%; and Rubbermaid parent Newell Brands (NWL) sank 11%.

The 10-year Treasury yield ticked higher to 4.10%, while the U.S. dollar index, which tracks the value of the greenback against a basket of foreign currencies, was little changed at 99.55. Bitcoin was trading around $110,000, well above the day’s low of $106,350. Gold futures were little changed at $4,025 an ounce, while West Texas Intermediate crude oil futures slipped 0.6% to $60.20 a barrel.