2026.04.3013:04:04UTC+00US Futures Rebound

US equity futures rose on Thursday, lifted by upbeat hyperscaler earnings, as investors also weighed a fresh round of economic data and the impact of higher energy prices. Futures on the S&P 500, Dow, and Nasdaq 100 were all up more than 0.5%.

Alphabet jumped more than 7% in pre-market trading after its cloud-computing revenue beat expectations and it reported strong growth in enterprise demand for its AI technologies. Amazon climbed more than 3% pre-market after substantially exceeding earnings forecasts.

In contrast, Meta fell nearly 10% after projecting a sharp increase in AI-related capital expenditures, stoking concerns that its infrastructure build-out may fail to keep pace with anticipated demand. Microsoft also traded lower even though its AI and cloud services results were broadly in line with consensus estimates.

On the macro side, new data showed that AI-related investment helped support US GDP, which grew at a 2% annualized pace in the first quarter. That strength helped offset weaker consumer spending, as elevated gasoline prices weighed on household outlays.

Elsewhere in single-name moves, Eli Lilly gained about 5% following its earnings release, while Mastercard declined after reporting its results.