Upbeat Amazon, Apple Earnings May Lead To Rebound On Wall Street

Market Overview - Major U.S. index futures indicate a higher open on Friday, with stocks expected to rebound after previous session pressure [1] - Early buying interest is driven by positive earnings reports from Amazon and Apple [1] Company Earnings - Amazon shares surged by 13.0% in pre-market trading following better-than-expected Q3 results, particularly due to a significant increase in cloud computing revenue [2] - Apple also experienced notable pre-market strength after exceeding analyst estimates in its fiscal Q4 results and providing optimistic guidance for the current quarter [2] - Netflix announced a ten-for-one stock split, which may lead to an increase in its share price [3] - Exxon Mobil reported a year-over-year decline in Q3 earnings due to lower oil prices, potentially leading to initial weakness in its shares [3] - Meta Platforms saw a significant drop of 11.3% after reporting Q3 results that beat expectations but forecasted increased AI spending [5] - Microsoft shares fell by 2.9% despite exceeding fiscal Q1 estimates, citing accelerated capital spending growth [6] - Alphabet's shares rose by 2.5% after reporting Q3 results that surpassed expectations [6] - Eli Lilly's shares increased by 3.8% after reporting better-than-expected Q3 results and raising its full-year revenue guidance [7] Sector Performance - Software stocks declined sharply, influenced by Microsoft's slump, with the Dow Jones U.S. Software Index down by 2.2% [8] - Telecom stocks also faced considerable weakness, reflected by a 2.0% loss in the NYSE Arca North American Telecom Index [8] - Gold and pharmaceutical stocks performed strongly amid the overall market fluctuations [8] International Markets - Asian stocks ended mixed, with Japan's Nikkei reaching a record high due to a weaker yen and strong tech sector gains, while Chinese and Hong Kong markets retreated [10] - China's Shanghai Composite Index fell by 0.8% after a contraction in manufacturing activity, while Hong Kong's Hang Seng Index dropped by 1.4% following disappointing earnings from BYD [11][12] - The Nikkei 225 Index surged by 2.1%, driven by optimism in AI and fiscal stimulus [13] European Markets - European stocks drifted lower despite a slight easing in Eurozone inflation, with the harmonized index of consumer prices rising by 2.1% year-over-year in October [16][17] - The German DAX Index fell by 0.3%, while the U.K.'s FTSE 100 Index and the French CAC 40 Index both decreased by 0.2% [18]