Stock futures were rising early on Friday, after a solid batch of earnings reinforced hopes that the tech rally that has powered the broader market higher for much of 2025 can roll on.
Futures tracking the Dow Jones Industrial Average were up 35 points, or 0.1%. S&P 500 futures climbed 0.7%, and contracts tied to the tech-heavy Nasdaq 100 jumped 1.2%.
The yield on the 10-year Treasury note was up 2 basis points to 4.12%. The dollar climbed 0.1% against a weighted basket of its peers, and gold ticked up 0.3% to $4,030 an ounce. Bitcoin, the largest cryptocurrency, was down 1.9% over the past 24 hours to $109,359.
The three major indexes fell in a messy day of trading on Thursday, as investors weighed up Big Tech earnings misses, a Federal Reserve interest-rate cut, and the meeting between President Donald Trump and Chinese leader Xi Jinping. But they looked set to rebound after quarterly reports from iPhone maker Apple and online retailer Amazon, both of which beat the Street’s bottom-line expectations. Amazon stock jumped 12% in premarket trading, while Apple was up 2.6%.
“Just as the tech mood had soured yesterday, this morning that has mostly turned around following results from Apple and Amazon after the closing bell,” Deutsche Bank macro strategist Jim Reid said. “This renewed momentum has helped sentiment after a more challenging day yesterday despite the positive outcomes from the U.S.-China trade discussions,” he added.