Market Momentum: Amazon's Earnings Boost U.S. Stocks Amid Economic Uncertainty

U.S. stock futures rose as Amazon's strong retail performance elevated investor confidence, counteracting a tech sector slump. Despite uncertainties from labor strikes and natural events, the economic outlook remains pivotal, with upcoming nonfarm payrolls and the Fed's rate trajectory under the spotlight.

U.S. stock futures experienced an uplift on Friday, bolstered by Amazon's robust retail performance that countered Thursday's tech sector slump. As Amazon's shares surged 6.8% in premarket trading, it lifted market spirits, overshadowing concerns from prior sessions.

Anticipation mounts as investors look forward to nonfarm payrolls data, seeking clarity on the Federal Reserve's future policy rate moves. Analysts remain cautious, acknowledging potential data distortions from recent labor strikes and hurricanes.

Meanwhile, market volatility has intensified with treasury yields climbing and the upcoming U.S. presidential election adding to the economic uncertainties. Observers now watch closely how these factors might influence the Fed's guidance in the near term.

(With inputs from agencies.)