Overview
- U.S. stock futures edged higher as investors weighed a split reaction to Big Tech earnings and awaited Apple’s results after the closing bell.
- Alphabet and Amazon advanced in premarket trading, while Meta and Microsoft declined, reflecting a divided response to the latest quarterly updates.
- Analysts cited cloud computing tied to artificial intelligence as the main driver of strength at Alphabet, Amazon, and Microsoft.
- Oil prices jumped on a report that President Trump would be briefed on new Iran military options, then eased, leaving levels still high and inflation concerns elevated.
- Options pricing pointed to about a 4% swing for Apple shares around its report, with the first read on Q1 GDP and the PCE inflation gauge up next to shape the policy outlook.