- US equity futures fell as a result of Apple, Amazon, and Alphabet's poor earnings, which put an end to a rally spurred by investor confidence that interest rates were about to peak.
- Investors analysed late reports from the tech trio that revealed an economic slowdown is stifling demand for electronics, e-commerce, cloud computing, and digital advertising, which caused the bullish attitude from this week's advance in the Nasdaq 100 and S&P 500 to dissipate. In premarket trade, their shares dropped. Ford Motor Co. also fell after a disappointing earnings report.
- Treasury rates held their Thursday decline, and a measure of the dollar remained stable.
- Investors have applauded central banks' apparent dovish slants of varied degrees this week. The federal reserve has made strides in its fight against inflation, but big-tech earnings have exposed weaknesses in the system, according to chair jerome powell on Wednesday. Payroll data that is anticipated later on Friday may reveal a slowdown in the US labour market, making the Fed's job more difficult.
