Wall Street tech swing boosts Nasdaq-100 futures as Amazon surges
Big moves on Wall Street this Friday. Tech stocks jumped after some solid earnings reports.
The Nasdaq-100 futures climbed 1.2% (after a big 3.36% rise the day before), and Amazon's stock shot up 13% after beating expectations, while Apple slipped 7%.
S&P 500 and Dow Jones futures also edged higher.
Microsoft up 15%, oil prices spike
Microsoft kept its rally going, up 15% on Thursday, and Meta Platforms bounced back from earlier losses.
Still, the Nasdaq-100 is set for a rough July with a more than 7% monthly drop, the biggest in more than a year, as investors stay cautious about tech's future amid geopolitical tensions and a chipmaker sell-off.
Meanwhile, oil prices spiked more than 20% this month due to U.S.-Iran tensions, sending Exxon Mobil's and Chevron's profits soaring and keeping energy markets on edge.