Market Overview - Stocks are expected to rebound in early trading on Friday, with S&P 500 futures up by 0.7 percent after a previous session of pressure [1] - Early buying interest is driven by positive earnings reports from major companies like Amazon and Apple [1] Company Performance - Amazon shares surged by 13.0 percent in pre-market trading following better-than-expected third quarter results, particularly due to a significant increase in cloud computing revenue [2] - Apple also experienced notable pre-market strength after reporting fiscal fourth quarter results that exceeded analyst estimates and provided 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] - Conversely, Exxon Mobil's shares may face initial weakness after reporting a year-over-year decline in third quarter earnings due to lower oil prices [3] Economic Indicators - The Chicago business barometer is anticipated to rise to 42.3 in October from 40.6 in September, although a reading below 50 still indicates contraction [4]
U.S. Stocks May Move Back To The Upside On Upbeat Amazon, Apple Earnings