Stocks - U.S. Futures Jump After Twitter Earnings Beat - Investing.com

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Investing.com - U.S. futures jumped on Friday, as upbeat earnings from Alphabet (NASDAQ:), Intel (NASDAQ:), Starbucks (NASDAQ:) and Twitter (NYSE:) helped boost market sentiment.

Twitter gained 4.1% in premarket trading after it an 18% jump in revenue during the second quarter, with diluted earnings per share of $1.43 on net income of $1.1 billion.

Alphabet (NASDAQ:), parent company of Google, rose 8.8% after its second-quarter earnings beat forecasts, The company also announced a $25 billion stock buyback and played down fears of increased regulatory scrutiny.

Intel (NASDAQ:) surged 4.9% after it increased its revenue forecast.

rose 32 points or 0.4% by 7:05 AM ET (11:05 GMT), while gained 80 points or 0.3% and were up 8 points or 0.3%.

Elsewhere on the earnings front, Starbucks (NASDAQ:) was set to open at a new all-time high, jumping 6.2% after posting its strongest comparable sales in three years.

By contrast, Amazon.com (NASDAQ:) fell 1.6% after its profit missed consensus and it said income would slump in the third quarter due to increased spending on one-day delivery, raising the cost of sales.

McDonald’s (NYSE:) is also in focus as it releases its results before the morning bell.

Meanwhile, Apple (NASDAQ:) inched up 0.3% after it confirmed it is purchasing Intel’s modem business in a deal valued at $1 billion, while Sprint (NYSE:) gained 3.5% after reports that the Department of Justice is in talks with states to gain their approval for its merger with T-Mobile (NASDAQ:).

On the economic front, U.S. (GDP) is released at 8:30 AM ET (12:30 GMT). The data are expected to show a slowdown in annualized growth to 1.8%, its slowest since 2017. The numbers may also influence the Federal Reserve's deliberations when it makes its monetary policy decision on July 31.

In commodities, gained 0.8% to $56.49 a barrel. rose 0.3% to $1,418.65 a troy ounce, while the , which measures the greenback against a basket of six major currencies, hit a two-month high earlier in the day before edging back to 97.657.

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https://www.investing.com/news/stock-market-news/stocks--us-futures-jump-after-twitter-earnings-beat-1935839

2019-07-26 11:08:00Z
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