Wall Street Futures Soar After Amazon, Apple Forecasts Reignite Tech Rally

U.S. stock index futures climbed on Friday as upbeat forecasts from tech giants Amazon and Apple lifted investor sentiment and helped ease recent jitters. 

Amazon surged about 11% in early trading after reporting a strong outlook driven by rapid growth in its cloud business, one of the biggest in nearly three years.  Meanwhile, Apple’s shares rose around 2–3% after it forecast healthier-than-expected iPhone sales over the holiday quarter, despite flagging supply bottlenecks. 

The gains came just a day after both the S&P 500 and Nasdaq logged their steepest one-day drops in over three weeks, triggered by worries over heavy AI-related spending by other tech players and the Federal Reserve’s cautious rate-cut outlook. 

For the month, the S&P 500 is on track for a sixth consecutive monthly gain, the Dow a sixth straight win, and the Nasdaq is headed for its seventh. These are the longest winning streaks in years for all three indexes. 

Still, analysts warn that while tech earnings are providing a boost, markets remain alert to risks of sustained big-tech capital spending and uncertainty over the timing of future rate cuts by the Fed.