Futures Gain on Strong Earnings - InvestingChannel

Futures Gain on Strong Earnings

Stock futures rose Friday as Wall Street looked to finish the week and the month higher.

Futures for the Dow Jones Industrials gathered 84 points, or 0.3%, early Friday to 32,574.

Futures for the S&P 500 gained 27.75 points, or 0.7%, to 4,101.25.

Futures for the NASDAQ Composite zoomed 127 points, or 1%, to 12,864.50.

Wall Street was set to post strong weekly gains. The Dow is now up nearly 2% for the week, while the S&P 500 the NASDAQ Composite are up 2.8%.

Futures Thursday were supported by gains from two of the market’s biggest stocks. Amazon shares popped 12% after the e-commerce giant reported stronger-than-expected sales for the previous quarter, while Apple climbed 2.6% after posting better-than-expected iPhone revenue.

Chevron and Exxon Mobil also posted better-than-expected results for the previous quarter, sending their shares higher.

However, the latest batch of corporate results has been mixed.

Shares of Roku sank more than 20% after the company missed estimates and warned of a slowdown in advertising. Chipmaker Intel dropped 7% after its quarterly results fell short of expectations.

These moves come after a three-quarters of a percentage point hike from the Federal Reserve on Wednesday and a negative GDP reading on Thursday.

In Japan, the Nikkei 225 dipped 0.1% Friday. In Hong Kong the Hang Seng fumbled 2.3%

Oil prices gushed $2.24 to $98.66 U.S. a barrel.

Gold prices brightened $6.80 to $1,757.10 U.S. an ounce.

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