U.S. Stock Futures Rise After a Strong Session and Amazon's Q2 Beat
Complete. Here is the key summaryU.S. stock futures rose slightly following a strong regular session rebound and Amazon's Q2 earnings beat, which drove its shares up 9% in extended trading. Major indices like the Nasdaq, S&P 500, and Dow also gained significantly during the day, aided by Microsoft's surge on Azure growth. Despite weekly volatility, all three major indices are currently tracking higher for the week.
U.S. stock futures edged higher on Thursday evening following a sharp market rebound during the regular trading session and strong Amazon (AMZN) results. Futures on the Nasdaq 100 (NDX), the Dow Jones Industrial Average (DJIA), and the S&P 500 Index (SPX) were up 0.52%, 0.03%, and 0.04%, respectively, at 6:25 p.m. EDT on July 30.
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Amazon jumped 9% in extended trading after beating Q2 revenue estimates, aided by cloud strength and steady AI demand. Apple (AAPL) topped revenue expectations thanks to a 22% iPhone surge, though a miss in Services hurt investor sentiment.
In the regular trading session, major stock indices bounced back hard. Microsoft (MSFT) soared 16% on stronger Azure growth, sparking broad gains across AI-linked chipmakers. The Nasdaq, the S&P 500, and the Dow rose 2.8%, 1.7%, and 1.2%, respectively.
Despite a volatile week, major indices are on track to finish the week higher. The Dow, the S&P 500, and the Nasdaq are up 0.5%, 0.4%, and 0.6%, respectively, so far this week.