U.S. stock futures moved higher on Friday despite being weighed down by Amazon’s sharp post-earnings decline and continued caution in the technology sector, as investors assessed a tough session on Wall Street and anticipated more volatility ahead.
As of 4:29 P.M. (GMT+7), Dow Jones Industrial Average futures added by 0.08%, or 37.80 points, to 48,946.20 points, while S&P 500 futures ticked up by 0.28%, or 18.90 points, to 6,817.00 points. Nasdaq 100 futures also increased by 0.31%, or 77.20 points, to 24,625.90 points.
These moves followed steep losses during Thursday’s session, which saw the Nasdaq Composite lose about 1.59%. The Dow and S&P 500 each lost around 1.2%, pushing both benchmarks into negative territory for the year.
Amazon’s shares plunged more than 10% in after-hours following the announcement from the company to increase capital expenditures to approximately $200 billion in 2026, mainly to fund artificial intelligence initiatives and related infrastructure projects.
Beyond Amazon, other earnings reports affected sentiment. Strategy posted a quarterly loss driven by a sharp drop in bitcoin prices, dragging its stock lower. Bitcoin’s decline continued, reaching lows unseen since 2024.
In contrast, Reddit stock advanced after the company reported quarterly results ahead of expectations, delivered positive guidance, and revealed plans for a stock buyback program. Roblox also saw its shares rise on earnings news.
On the macroeconomic front, the release of the nonfarm payrolls report has been delayed due to the recent federal government shutdown. However, recent labor market data pointed to underlying weakness, with job openings dropping to levels last seen in 2020 and layoff notices rising sharply.
