Intel's Earnings Surge Sparks Optimism Amid Market Uncertainties

The S&P 500 and Nasdaq futures rose, propelled by Intel's strong earnings and anticipation around a significant inflation report that could affect U.S. interest rates. Intel's performance overshadowed mixed results from other tech giants, while investors await talks between the U.S. and China to ease trade tensions.

Futures for the S&P 500 and Nasdaq saw an increase on Friday, buoyed by Intel's impressive earnings and investor anticipation ahead of a crucial inflation report that might shape the U.S. interest rate trajectory.

Intel experienced an 8.4% rise in premarket trading after exceeding third-quarter profit expectations, energizing U.S. earnings across the board. Tech peers such as AMD and Micron Technology also enjoyed gains, climbing 1.5% and 2.5% respectively.

Global markets experienced a momentary calm following confirmation that U.S. President Trump and Chinese President Xi Jinping would meet next week. This development, amid ongoing trade tensions, temporarily alleviated investor concerns. Meanwhile, attention turns to core consumer price figures as the U.S. government shutdown limits other data releases.

(With inputs from agencies.)