US Futures Get a Boost from Amazon & Meta before NFP – Europe Market Wrap

US stocks were set for a Friday jump as investors anticipated a jobs report that would likely bolster the case for interest rate reduction, and after tech giants Meta and Amazon announced massive earnings.

Apple fell after its earnings revealed weakness in China, while S&P 500 futures gained 0.6% and tech-heavy Nasdaq 100 contracts gained 1% after the indexes advanced by more than 1% on Thursday. Meta shot up 17% in premarket trading and Amazon surged 7.1% after the tech giants smashed quarterly profit expectations.

Investors will be looking for confirmation of further cooling in the labour market, which could lead to policy easing by the Federal Reserve. Friday’s print is expected to show employers adding workers at a slower pace in January, following Thursday’s figures that showed rising unemployment claims.

Europe’s STOXX 600 was buoyed by positive earnings news.