FX.co ★ US Futures Rise on Upbeat Tech Earnings

U.S. stock futures advanced on Friday, spurred by Alphabet's impressive quarterly earnings, which sparked a rally among tech stocks. During after-hours trading, Alphabet's stock jumped 5% following a report of first-quarter earnings and revenue that surpassed expectations. Its search and advertising sectors demonstrated noteworthy growth, despite increasing competition from AI. The optimistic results provided a boost to other large-cap tech companies like Nvidia (+1.1%), Tesla (+1.4%), Meta (+4%), and Amazon (+1.8%). In the regular Thursday trading session, the major U.S. indices marked their third consecutive day of gains, with the Dow Jones Industrial Average climbing 1.23%, the S&P 500 increasing by 2.03%, and the Nasdaq Composite soaring 2.74%. Investor morale benefitted from speculation about a potential rate cut by the Federal Reserve, following remarks from Cleveland Fed President Beth Hammack, who hinted such a move could occur as early as June, contingent on forthcoming economic data. Meanwhile, markets continued to assess mixed signals from the Trump administration related to tariffs and trade discussions with China.