US stocks surged higher in premarket trading on Friday, driven by strong tech earnings. Amazon's shares rose by about 6.5% after the company exceeded Wall Street's earnings expectations. Similarly, Intel saw a nearly 5% increase following its robust earnings report and improved forward guidance.
Investors are eagerly awaiting the release of October's jobs report at 8:30 am ET. The previous jobs report outperformed expectations, with positive revisions for previous months. However, economists are predicting a potential weakening in today's report due to factors such as striking workers and the lingering impacts of Hurricanes Milton and Helene.
