U.S. Stock Futures Rally on Strong Tech Earnings, Crypto Markets Watch Closely
U.S. stock futures surged Friday morning as Amazon and Apple delivered better-than-expected quarterly results, reigniting Optimism in the tech sector. Nasdaq 100 futures led gains with a 1.38% jump, while S&P 500 and Dow Jones futures rose 0.84% and 0.18% respectively.
The rebound follows Thursday's market slump where concerns over AI-related capital expenditures dragged major indices lower. Amazon shares skyrocketed 12.5% in pre-market trading after reporting robust 20% growth in AWS revenue, while Apple gained 2% on strong iPhone sales projections.
While the report focuses on traditional equities, cryptocurrency traders are monitoring the tech-led rally for potential spillover effects into digital assets. Historically, positive risk sentiment in tech stocks has correlated with increased capital flows into crypto markets.