FX.co ★ US Futures Rise on Friday, Amazon Shares Soar

US stock futures experienced an uptick on the last trading day of October. S&P 500 futures increased by 0.7%, Nasdaq 100 futures climbed 1.4%, and Dow Jones futures advanced approximately 80 points. This upward trend was supported by a series of robust corporate earnings reports. Apple shares rose close to 2% in premarket trading after the company exceeded revenue expectations and projected a positive outlook for the holiday season. Amazon's valuation soared by almost 13%, driven by its fastest cloud unit growth in nearly three years. Netflix's shares increased by roughly 2% following the announcement of a 10-for-1 stock split. Meanwhile, Chevron's shares went up by 0.5% after the company reported earnings and revenue that surpassed projections. Contrastingly, Exxon Mobil saw its stock price decline by about 1.8%, attributable to a year-over-year decrease in quarterly profit. Over the course of October, the S&P 500 rose in excess of 2%, the Nasdaq surged by nearly 4.1%, and the Dow Jones expanded by 2.4%. The Dow is on pace for its sixth successive monthly gain, marking the longest winning streak since 2018.