US stock futures advanced on Thursday morning, July 30, 2026, recovering from a Federal Reserve-fueled sell-off.
Asian markets bounced back as investors awaited major technology earnings and economic reports.
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Contracts on the Nasdaq-100 jumped 0.7 percent after the index entered correction territory during the previous session, driven down by sharp declines across semiconductor stocks.
Futures on the S&P 500 gained 0.4 percent, while Dow Jones Industrial Average futures rose 0.2 percent.
Mixed Tech Earnings
Equity markets experienced diverging performances among mega-cap tech stalwarts following Wednesday's earnings releases.
Meta stock plunged over 9 percent in premarket action as an earnings miss deepened investor concerns regarding artificial intelligence capital expenditures.
Conversely, Microsoft shares jumped nearly 9 percent after its Azure cloud unit surpassed $100 billion in revenue for the first time.
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Market attention now turns to Amazon and Apple, which are scheduled to release quarterly results after the closing bell.
Wall Street expects to scrutinize Amazon's cloud business and capital outlays, while Apple's focus centers on profit margins amid rising memory chip prices.
Macroeconomic and Geopolitical Factors
Macroeconomic uncertainty continues to keep traders on edge following the Federal Reserve's decision on Wednesday to hold interest rates steady.
The bond market experienced a sell-off that pushed the 30-year Treasury yield to a multidecade high near 5.24 percent on Thursday.
Geopolitical developments also added to investor caution after overnight US military strikes against a dozen Iranian targets threatened to escalate regional conflict and reignite inflationary pressures, despite flat oil prices on Thursday morning.
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Traders are awaiting the release of the Personal Consumption Expenditures index for June later on Thursday to gauge the trajectory of inflation, alongside reports on second-quarter gross domestic product and weekly continuing jobless claims.
