Wall Street on Friday was poised to claw back some of its losses from a day earlier after some familiar names in the tech sector reported stronger-than-expected quarterly results.

Futures for S&P 500 rose 0.7% while futures for the Dow Jones industrials inched up 0.2%. Nasdaq futures rose a 1.6%, propelled by a soaring Amazon. All three indices are poised to finish the week with gains.

Amazon jumped 12.5% after it easily surpassed analysts' third-quarter sales and profit targets. Both saw double-digit growth from a year ago, fueled by the company's booming cloud computing business and strong spending by customers looking for deals amid persistent inflation.

Apple saw a more modest rise in its shares overnight after its results also exceeded analyst projections , despite being caught

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