U.S. equity futures rose Friday after strong Apple Inc. earnings aided sentiment, while Asian stocks looked set to recover some of the losses sparked by the Federal Reserve’s pivot to tighter monetary policy.
Contracts on the tech-heavy Nasdaq 100 were up about 1%. Apple Inc. rallied in extended trading on record sales that signaled it weathered supply-chain snarls. Australian shares rose, as did futures for Japan and Hong Kong.
U.S. shares Thursday ended lower in another volatile Wall Street session that saw the dollar jump. The S&P 500 and Nasdaq 100 again failed to hold intraday rallies, while a gauge of U.S. small-caps slumped into a bear market.
Treasuries were mixed, with the 10-year yield dropping to 1.80% and the yield curve flatter. A dollar gauge pushed higher, in part after solid U.S. growth data reinforced expectations for Fed tightening to fight inflation. Oil advanced and gold held a retreat.
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