(Sharecast News) - Wall Street futures were in the green ahead of the bell on Friday after both tech stocks and bitcoin remained under pressure.
As of 1230 GMT, Dow Jones futures were up 0.41%, while S&P 500 and Nasdaq-100 futures had the indices opening 0.54% and 0.70%, respectively.
The Dow closed 592.58 points lower on Thursday, more than reversing gains recorded in the previous session.
Online retail giant Amazon was in focus before the open after posting another quarter of solid revenue growth late on Thursday, driven by a strong showing from AWS, but shares fell in extended trading after it unveiled plans for a major increase in capital spending in 2026. AWS revenue climbed almost 24% in the fourth quarter to $35.58bn, ahead of market expectations, and accounted for about 17% of total sales, while total revenues came in at $213.39bn, up from $187.79bn last year and marginally ahead of consensus, marking the fourth straight quarter in which Amazon has topped revenue expectations. At group level, Amazon reported adjusted earnings of $1.95 per share.
However, shares traded lower prior to the open after chief executive Andy Jassy said Amazon expects to invest around $200bn in 2026, largely directed toward AWS, a figure well above consensus estimates of $148.86bn.
In terms of Friday's earnings, tobacco giant Phillip Morris said revenue had risen 6.8% to $10.4bn in its fourth trading quarter as it reported a fifth consecutive year of volume growth, while sportswear company Under Armour posted quarterly earnings per share of $0.09 per share, coming in well and truly above of estimates for $0.02 loss per share, even as revenue was down $74m year-on-year.
Bitcoin was also drawing an amount of investor attention after the benchmark cryptocurrency fell 16% overnight, briefly sinking below $61,000. As of 1140 GMT, bitcoin had recovered somewhat, up 5.37% at $66,173.42.
On the macro front, a preliminary reading of the University of Michigan's February consumer sentiment index will be released at 1500 GMT, while December consumer credit change figures will follow at 2000 GMT.
Reporting by Iain Gilbert at Sharecast.com