Futures for the Dow Jones Industrials muscled higher 167 points, or 0.5%, to 33,748.
Futures for the S&P 500 advanced 28.25 points, or 0.7%, to 3,983.50.
Futures for the NASDAQ Composite jumped 104.5 points, or 0.9%, to 11,815.
Ross Stores and Palo Alto Networks popped after the two companies posted their latest quarterly results. Investors also appeared to cheer Gap’s most recent results.
JPMorgan analyst Lisa Gill upgraded Walgreens to overweight from neutral, citing optimism around the company’s shift toward a larger health care operation.
Foot Locker shares soared 14% in the premarket after the apparel and footwear retailer beat top and bottom line estimates for its latest quarter, raised its full-year forecast and reported an unexpected rise in comparable store sales.
JD.com reported better than expected quarterly results, as the COVID-related lockdowns in China prompted more consumers to shop online.
Applied Materials beat top and bottom line estimates for its latest quarter, and the maker of semiconductor manufacturing equipment also issued upbeat current quarter guidance. Shares gained 4.4% in the premarket.
Friday’s moves come after a down session on Wall Street after comments from Federal Reserve officials raised concern over tighter U.S. monetary policy.
St. Louis Federal Reserve President James Bullard said Thursday that “the policy rate is not yet in a zone that may be considered sufficiently restrictive.” He suggested that the appropriate zone for the federal funds rate could be in the 5% to 7% range, which is higher than what the market is pricing.
In Japan, the Nikkei 225 dipped 0.1% Friday, while in Hong Kong, the Hang Seng Index fell 0.3%.
Oil prices lost $1.04 to $80.60 U.S. a barrel.
Gold prices dipped 50 cents to $1,762.50 U.S. an ounce.