From Nasdaq, Inc.:

Stock futures are pointing upwards as traders assess earnings reports from Meta Platforms, Amazon, and Apple. The non-farm payrolls report for January is expected to heavily influence the day’s trading direction, potentially igniting inflation fears. Thursday saw indices open higher before initiating a rally and concluding near session highs.

The majority of sectors displayed advancements, with energy stocks experiencing some pullback. The Nasdaq Composite, S&P 500 Index, Dow Industrials, and Russell 2000 all saw positive performance on Thursday.

Futures are pointing to gains on Friday, with the Nasdaq 100 rising by 1.00%, S&P 500 by 0.61%, and Dow by 0.06%.

In premarket trading on Friday, the SPDR S&P 500 ETF Trust rose by 0.61% to $492.17 while the Invesco QQQ ETF rallied by 1.07% to $426.38.

The Bureau of Labor Department is expected to release its monthly jobs data, with forecasts of non-farm payroll gains of 185,000, a jobless rate at 3.8%, and average hourly earnings to have increased at 4.1%.

Stocks like Amazon and Meta saw significant movement following their quarterly results, with other stocks such as Apple, Atlassian Corporation, Beazer Homes USA, Clorox Company, Skechers U.S.A., and Deckers Outdoor Corporation also moving on earnings. Other major companies are scheduled to release their results before the market open.

Crude oil futures rose to $74.27 in early European session on Friday, while the 10-year Treasury note edged up to 3.88%.

The strength in U.S. markets overnight reflects across global markets, with most Asian and European markets witnessing gains. China and Hong Kong were exceptions in Asia, while the tech earnings also drove the positive sentiment.



Read more: Nasdaq Futures Climb As Meta, Amazon Gains Offset Apple Slide: Analyst Points to 2 Factors Reinforcing Bullish Outlook This Year