Dow futures tick higher, Intel up 8%, Amazon lifts 4.4% after earnings

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By 6:30pm ET (10:30pm GMT) Dow Jones Futures added 0.2%, S&P 500 Futures gained 0.4% and Nasdaq 100 Futures were up 0.8%.

In extended deals, Amazon (NASDAQ:AMZN) gained 4.4% after reporting Q3 EPS of $0.94 versus $0.58 expected while revenues came in at $143.1 billion versus $141.53 billion expected. The company also forecasted Q4 2023 revenue in the range of $160-167 billion versus $157.2 billion expected.

Intel (NASDAQ:INTC) lifted 8%, reporting Q3 EPS of $0.41 versus $0.22 expected, while revenues were at $14.2 billion versus $13.53 billion.

Ford Motor (NYSE:F) fell 4.1% after the company reported Q3 EPS of $0.39 versus $0.47 expected, while revenue came in at $44 billion versus $44.05 billion.

Capital One Financial (NYSE:COF) added 5%, after reporting Q3 EPS of $4.45 versus $3.24 expected, while revenue came in at $9.37 billion versus $9.21 billion.

Ahead in Friday’s trade, market participants will be closely monitoring PCE price index data, personal income and spending, Michigan consumer sentiment and expectations as well as a speech from Fed Vice Chair Barr.

Among earnings, companies including Chevron Corp (NYSE:CVX) and Exxon Mobil Corp (NYSE:XOM) are expected to report quarterly results.

During Thursday’s regular trading, the Dow Jones Industrial Average lost 251.6 points or 0.8% to 32,784.3, the S&P 500 dipped 49.6 points or 1.2% to 4,137.2 and the NASDAQ Composite lost 225.6 points or 1.8% to 12,595.6.

On the bond markets, United States 10-Year rates were at 4.851%.