S&P 500 futures increased on Friday morning as investors anticipated the January jobs report and three megacap tech giants announced earnings.
Nasdaq-100 futures increased by 1%, while futures linked to the broad market index increased by roughly 0.5%. Conversely, futures on the Dow Jones Industrial Average saw a little decrease.
After the social networking behemoth exceeded experts’ predictions, Meta’s stock surged 17%. Along with announcing that it will pay a quarterly dividend for the first time, Facebook’s parent company authorised a $50 billion share repurchase programme. Following fourth-quarter beats, Amazon shares increased by 6%. Nevertheless, Apple fell 3% when the business revealed a drop in sales in China for the first quarter of its fiscal year.
These actions come after a Wall Street comeback. The major averages saw gains of about 1% apiece one day after they had sold off due to the Federal Reserve’s indication that a rate cut in March was improbable.
Source (CNBC)
