U.S. earnings updates set Friday market tone after tech-led rebound
U.S. stocks rebound on Thursday, with the Nasdaq ending a six-session losing streak as Microsoft and semiconductor shares lead gains. Investor attention now shifts to a fresh batch of corporate earnings and the Bank of Japan decision that could influence Friday trading.
Highlights
- Apple shares drop 7% to near $311 in after-hours trading as fiscal Q3 revenue guidance disappoints despite beating expectations.
- Amazon surges over 9% post-market after beating earnings estimates, with AWS achieving its fastest growth since 2021, boosting tech sector optimism.
- Investors await Friday earnings from Chevron, ExxonMobil, and AbbVie, with attention on sector performance as energy stocks remain 12% below March highs and AbbVie up 22% since last report.
Friday catalysts across tech, retail and energy
As reported by CNBC, Apple shares fall 7% in after-hours trading near $311 after the company beats fiscal third-quarter revenue expectations but gives guidance that disappoints investors.Amazon moves in the opposite direction, rising more than 9% in post-market trading after beating earnings estimates. AWS posts its strongest growth since 2021, adding momentum to the retail and cloud group's rally.
Chevron and ExxonMobil are also in focus ahead of Friday morning results. Chevron is flat over the past three months since its last report and sits about 12% below its March 30 high, while ExxonMobil is up 1.7% over the same period and is also 12% below its March 30 high.
Broader market implications for Friday trading
AbbVie is due to report on Friday as well, with the biotech stock up 22% since its last earnings release. The shares hit a high on Wednesday before easing back slightly, putting the company on traders' watchlists for another healthcare-driven move.Markets are also watching news from the Bank of Japan at 10 p.m. ET on Thursday. The iShares MSCI Japan ETF, which tracks Japanese stocks, stands 4% below its June 22 high and is up 15.5% in 2026, suggesting any policy signal from Tokyo could shape sentiment beyond U.S. equities.
Amazon’s post-earnings rally on the back of faster AWS growth was the focus of our earlier coverage, as the cloud unit’s revenue beat helped lift the stock in after-hours trading. We also noted that Amazon is sharply increasing capital expenditure to expand AI and data-center infrastructure, a strategy that supports growth but keeps investors attentive to funding needs and free-cash-flow pressure.
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