US Futures Rise on Tech Earnings Optimism

US stock futures are rallying, buoyed by strong earnings from major tech companies like Microsoft and Meta, which exceeded analyst expectations and alleviated concerns about the impact of trade tensions. Positive sentiment is further supported by indications that the Trump administration may be moving toward trade deals that could reduce planned tariffs, providing relief to markets. While most of the Magnificent Seven tech stocks are up, Apple slipped after a court ruling related to its App Store practices. Despite these gains, some economic indicators, such as rising unemployment claims and weaker manufacturing indices, point to a more mixed outlook for the US economy. Investors remain focused on upcoming earnings from Apple and Amazon, as well as key economic data that may influence expectations for Federal Reserve interest-rate policy. The broader context includes ongoing volatility in oil prices and cautious optimism about the US avoiding recession, balanced by concerns over tariffs and global economic growth.