Wall Street Futures Rise on Strong Corporate Earnings
U.S. futures rose as strong earnings from Alphabet and Eli Lilly offset oil price concerns. Investors await GDP data while monitoring Middle East tensions.
United States stock index futures rose on April 30, with Dow E-minis gaining 287 points as investors processed mixed corporate earnings. The gains follow a 6.3% jump in ALPHABET INC-CL A shares against a backdrop of Brent crude prices exceeding $110. Investors are navigating a tug-of-war between strong cloud revenue growth and geopolitical risks that threaten to keep inflation elevated.
### Cloud Growth Counters Big Tech Spending Concerns ALPHABET INC-CL A shares rose 6.3% in early morning trading after the company reported record quarterly revenue for its cloud unit. AMAZON.COM INC added 2.5% after its cloud sales exceeded market expectations. These gains helped offset a 8.6% drop in META PLATFORMS INC-CLASS A and a 1.9% decline for MICROSOFT CORP following their capital spending announcements.
