Futures rise as Amazon earnings lift sentiment ahead of jobs data
For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.
Amazon.com jumps as retail strength boosts profit
Chevron, Exxon rise after results
Nonfarm payrolls due at 8:30 a.m. ET
Futures up: Dow 0.33%, S&P 500 0.35%, Nasdaq 0.41%
Updated at 7:11 a.m. ET/1111 GMT
By Lisa Pauline Mattackal
Nov 1 (Reuters) - U.S. stock futures rose on Friday, buoyed by strong Amazon results offsetting the previous session's tech selloff, with investors awaiting nonfarm payrolls data for insights on the Federal Reserve's key policy rate trajectory.
Amazon.com AMZN.O soared 6.8% in premarket trading, as strong retail sales increased itsprofit above Wall Street estimates.
That lifted marketmorale after a tech-driven slump in Thursday's session, as cost warnings on AI-related infrastructure from Meta Platforms META.O and Microsoft MSFT.O saw the Nasdaq .IXIC tumble 2.7% onits worst day in nearly two months.
Nonfarm payrolls data, due before markets open, is now in focus.Economists polled byReuters estimated thatthe economy added 113,000 jobs in October. However, analysts said labor strikes and hurricanes could skew the month's data.
Meanwhile, Apple AAPL.O dropped1.7% despite beating quarterly sales forecasts, as investors worried about a decline in China sales.
While investors are largely certain the Fed will cut rates by 25 basis points in November, the outlook for subsequent months is less clear as economic data remains robust.
Treasury yields have risen to nearly four-month highs in recent weeks, pressuring equities, as traders speculate that the central bank will adopt a less dovish stance.
The Nov. 5 U.S. presidential election is also on investors' minds, with many analysts predicting a close race and some uncertainty over the final outcome. The Federal Reserve's November meeting kicks off the following day.
Unsurprisingly, equity volatility has risen in recent days, with the CBOE Volatility Index .VIX trading at a more than three-week high.
"(The) US October Jobs Report and Election Date pose significant risks to both sides of current rates outlook, we think the Fed is more likely to change its forward guidance than its rate decision next week in case of data (or) political surprises," analysts at Danske Bank wrote.
Dow E-minis 1YMcv1 were up 139 points, or 0.33%, S&P 500 E-minis EScv1 were up 20.25 points, or 0.35%, and Nasdaq 100 E-minis NQcv1 were up 82.75 points, or 0.41%.
All three major indexes were on track for weekly declines, with the S&P 500 .SPX and the Nasdaq Composite .IXIC set for their worst week in eight.
Intel INTC.O jumped 5.3% after a better-than-expected revenue forecast, lifting other chip stocks, with Nvidia NVDA.O rising 1.6%.
Shares of Boeing BA.N rose 2.6% after a union of striking workers endorsed an improved contract offer that includes a 38% pay rise, with members expected to vote on Monday.
Oil majorsExxon Mobil XOM.N andChevron CVX.N rose 1.6% and 2%, respectively, after both companies beat third-quarter profit estimates on higher oil output.
Of the S&P 500 companies that have reported third-quarter results, 77.2% have beaten analysts' expectations, according to LSEG data as of Thursday, roughly in line with the past four quarters' 79% average.
U.S. Manufacturing PMI data is also due later in the day.
AWS margins shine as investors cheer rebound https://reut.rs/4fs8HgQ
Inflation, unemployment and wages https://reut.rs/3C3TBQ5
Reporting by Lisa Mattackal in Bengaluru; Editing by Pooja Desai
Mga Kaugnay na Asset
Pinakabagong Balita
Disclaimer: Ang mga kabilang sa XM Group ay nagbibigay lang ng serbisyo sa pagpapatupad at pag-access sa aming Online Trading Facility, kung saan pinapahintulutan nito ang pagtingin at/o paggamit sa nilalaman na makikita sa website o sa pamamagitan nito, at walang layuning palitan o palawigin ito, at hindi din ito papalitan o papalawigin. Ang naturang pag-access at paggamit ay palaging alinsunod sa: (i) Mga Tuntunin at Kundisyon; (ii) Mga Babala sa Risk; at (iii) Kabuuang Disclaimer. Kaya naman ang naturang nilalaman ay ituturing na pangkalahatang impormasyon lamang. Mangyaring isaalang-alang na ang mga nilalaman ng aming Online Trading Facility ay hindi paglikom, o alok, para magsagawa ng anumang transaksyon sa mga pinansyal na market. Ang pag-trade sa alinmang pinansyal na market ay nagtataglay ng mataas na lebel ng risk sa iyong kapital.
Lahat ng materyales na nakalathala sa aming Online Trading Facility ay nakalaan para sa layuning edukasyonal/pang-impormasyon lamang at hindi naglalaman – at hindi dapat ituring bilang naglalaman – ng payo at rekomendasyon na pangpinansyal, tungkol sa buwis sa pag-i-invest, o pang-trade, o tala ng aming presyo sa pag-trade, o alok para sa, o paglikom ng, transaksyon sa alinmang pinansyal na instrument o hindi ginustong pinansyal na promosyon.
Sa anumang nilalaman na galing sa ikatlong partido, pati na ang mga nilalaman na inihanda ng XM, ang mga naturang opinyon, balita, pananaliksik, pag-analisa, presyo, ibang impormasyon o link sa ibang mga site na makikita sa website na ito ay ibibigay tulad ng nandoon, bilang pangkalahatang komentaryo sa market at hindi ito nagtataglay ng payo sa pag-i-invest. Kung ang alinmang nilalaman nito ay itinuring bilang pananaliksik sa pag-i-invest, kailangan mong isaalang-alang at tanggapin na hindi ito inilaan at inihanda alinsunod sa mga legal na pangangailangan na idinisenyo para maisulong ang pagsasarili ng pananaliksik sa pag-i-invest, at dahil dito ituturing ito na komunikasyon sa marketing sa ilalim ng mga kaugnay na batas at regulasyon. Mangyaring siguruhin na nabasa at naintindihan mo ang aming Notipikasyon sa Hindi Independyenteng Pananaliksik sa Pag-i-invest at Babala sa Risk na may kinalaman sa impormasyong nakalagay sa itaas, na maa-access dito.
