Stocks could reverse course on Friday as traders use positive earnings news to engage in some bargain hunting following the declines of the past two sessions. Amazon, Inc.‘s (NASDAQ:AMZN) strong quarterly results could mitigate any weakness triggered by big tech peer Apple, Inc.’s (NASDAQ:AAPL) lackluster earnings. A slew of mid-cap tech stocks also reported positive earnings, potentially buoying sentiment toward the sector.
The rebound largely hinges on the non-farm payrolls report for July, which is scheduled to be released ahead of the market opening.
