Amazon, Apple Earnings Power Wall Street Futures Higher After Tech Pullback – Asia Market Wrap

US equity futures climbed as upbeat results from Amazon.com Inc. and Apple Inc. revived risk appetite, helping markets regain momentum after a brief lull in the global rally.

Contracts on the S&P 500 advanced 0.6%, while Nasdaq 100 futures rose 1.1%, recovering from Thursday’s pullback driven by weakness in megacap tech. Apple gained in late trading after topping revenue estimates and projecting a robust holiday quarter, while Amazon surged 13% after posting its fastest cloud growth in nearly three years. Nvidia Corp. also announced new AI partnerships with South Korea’s largest conglomerates, adding to optimism around the sector.

Across Asia, equities gave up early gains to trade mostly flat, though the Nikkei 225 rallied 1.9% to an all-time high. Benchmarks in mainland China and Hong Kong slipped roughly 1%, while European futures pointed to a slightly softer open.

In broader markets, gold slid 0.5%, marking its fourth decline in five sessions, while Treasury yields and the dollar index steadied. The yen strengthened after Tokyo inflation accelerated, prompting the government to reiterate it was closely monitoring the currency amid recent volatility.

Thursday’s Wall Street session had seen a retreat in several megacap names. Microsoft Corp. fell after reporting underwhelming results, and Nvidia weakened following comments from President Donald Trump, who said he hadn’t discussed approval for Blackwell chip sales to China during talks with Xi Jinping — dampening hopes for a swift export resolution.