Stock futures rose Friday as investors digested strong quarterly results from tech giants Amazon and Apple. S&P futures gained 0.7%, while Nasdaq 100 futures added 1.2%. Futures tied to the Dow Jones Industrial Average added 38 points, or 0.1%. Amazon shares rallied more than 12% after the e-commerce giant said its cloud computing unit’s revenue increased 20% in the third quarter, exceeding Wall Street’s estimates. Apple rose about 2% on the back of its strong fiscal fourth-quarter earnings and forecast for the iPhone maker’s December quarter. “Following a reacceleration in AWS growth and positive commentary this quarter, we believe investors have regained comfort in management’s ability to retain a leading position in the AI space,” Dan Ives, global head of technology research at Wedbush Securities, said in a note regarding Amazon’s results. Streaming leader Netflix also added more than 2% after the company announced a 10-for-1 stock split. “We’re in this period where the government is shut down … so we really have to look at these earnings and see how are companies faring, how are their consumers faring,” Courtney Garcia, senior wealth advisor at Payne Capital Management said Thursday on CNBC’s “Closing Bell Overtime.” “The fact that we’re continuing to see this all come out positive, I think this is a generally good sign for the economy moving forward.” U.S. stocks are coming off of a lackluster session as each of the benchmark indexes closed Thursday in the red. The Dow Jones Industrial Average fell nearly 110 points, or about 0.2%. The S&P 500 and Nasdaq Composite lost 0.99% and 1.58%, respectively, dragged lower by losses in big-name tech stocks Meta, Microsoft and Nvidia amid concerns about increasing AI spending. Meta recorded its biggest one-day loss in three years. President Donald Trump and President Xi Jinping on Thursday reached a one-year trade truce after their meeting in South Korea, soothing some investor concerns about the possibility of an all-out trade war between both nations. Trump agreed to cut tariffs on China tied to fentanyl by 10% effective immediately, reducing overall levies on Chinese goods to around 47%, while Beijing agreed to a one-year pause on the export controls for rare earths it announced earlier this month. Other areas of dispute, such as export controls on sales of Nvidia’s advanced AI chips and the divestiture of U.S. TikTok operations, were unresolved, however. U.S. stock indexes are on track to close out a winning week and month. The S&P 500 has gained 0.45% so far this week, while the tech-heavy Nasdaq and Dow are up roughly 1.6% and 0.7%, respectively, week to date. October — which has experienced some of the largest one-day losses in stock market history — has seen the S&P 500 climb 2% over the month. The Nasdaq has jumped nearly 4.1% and the 30-stock Dow is up 2.4% month to date. The Dow is on pace for its sixth positive month in a row for the first time since 2018. The 10-year Treasury yield ticked up on Friday following this week’s interest rate cut from the Federal Reserve and as economic data comes into focus amid the ongoing U.S. government shutdown. The 10-year Treasury yield, the benchmark for U.S. government borrowing, was up more than 1 basis point, reaching 4.107%. The yield on the 2-year Treasury note stood marginally lower at 3.613%. The 30-year bond yield, meanwhile, rose almost 2 basis points to 4.667%. Japan stocks led gains in Asia on Friday as investors welcomed a truce between Washington and Beijing, following a meeting between President Donald Trump and his Chinese counterpart Xi Jinping. Japan’s Nikkei 225 rose over 2% to hit a fresh record of 52,411.34, while the Topix added 0.94% to 3,331.83, also scaling a new peak. South Korea’s Kospi added 0.5% to close at a fresh high of 4,107.5 following Thursday’s record. The small-cap Kosdaq rose 1.07% to 900.42. Australia’s S&P/ASX 200 ended the trading session flat at 8,881.9. Hong Kong’s Hang Seng Index slid 1.43% to close at 25,906.65, while mainland China’s CSI 300 fell 1.47% to 4,640.67. Oil prices were heading for a third consecutive monthly decline, slipping on Friday due to a stronger U.S. dollar and weak China data as well as rising supply from major producers globally. Brent crude futures were down 38 cents, or 0.6%, at $64.62 a barrel by 1008 GMT, while U.S. West Texas Intermediate crude was at $60.19 a barrel, down 38 cents, or 0.6%. The U.S. dollar was near three-month highs against its major peers, making purchases of dollar-denominated commodities such as oil more expensive. Gold prices slipped on Friday, as the dollar firmed on uncertainty over further Federal Reserve rate cuts, although the bullion was still set for its third consecutive monthly gain. Spot gold was down 0.3% at $4,011.60 per ounce, as of 0700 GMT. Bullion has gained 4% so far this month. U.S. gold futures for December delivery rose 0.1% to $4,021.20 per ounce.