US Stocks Likely To Open Higher After 'Mag 7' Wrap Up Busy Week, Apple, Amazon And Intel On Radar: Investors Eye Monthly Jobs Report, Economist Says Earnings Won't Trump Bonds

Investors on Wall Street could see some respite after major indices registered a downbeat session on Thursday. Index futures point to a positive start on Friday, ahead of the crucial monthly report on jobs data.

Thursday was a busy day as far as tech earnings are concerned, with Apple Inc. (NASDAQ:AAPL), Meta Platforms Inc. (NASDAQ:META), Amazon.com Inc. (NASDAQ:AMZN), and Intel Corp. (NASDAQ:INTC) reported their September quarter results.

While Meta and Microsoft both fell in after-market hours, Amazon surged after the company handily beat Street consensus. The company expects its fourth-quarter sales to surge between 7% to 11%.

Futures

Performance (+/-)

Nasdaq 100

0.47%

S&P 500

0.39%

Dow Jones

0.35%

R2K

0.12%

In premarket trading on Monday, the SPDR S&P 500 ETF Trust (NYSE:SPY) rose 0.43% to $571.07 and the Invesco QQQ ETF (NASDAQ:QQQ) gained 0.51% to $486.33, according to Benzinga Pro data.

Cues From Last Session:

All three major indices registered a downbeat Thursday, with S&P 500 and Nasdaq Composite posting their biggest single-day fall since Sept. 3.

The overall investor sentiment declined, with the Greed index entering the "Fear" territory.

Most sectors on the S&P 500 closed on a negative note, with information technology, consumer discretionary, and real estate stocks recording the biggest losses on Thursday. However, utilities and energy stocks bucked the overall market trend, closing the session higher.

Crude oil prices edged up, mostly recovering their losses over the previous weekend due to Israel's missile strikes on Iran.

Treasury yields continued to ...