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U.S. tech giants Apple and Amazon boost futures ahead of earnings wave
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Apple and Amazon forecasts lift S&P 500 and Nasdaq futures, but broader earnings must deliver to sustain the rally.
Futures for the S&P 500 and Nasdaq 100 rose after Amazon.com Inc. forecast stronger-than-expected holiday-quarter results bolstered by cloud growth and Apple Inc. projected solid iPhone demand for its upcoming quarter. The positive signals helped soften recent market jitters, though analysts warn that much depends on whether broader sector earnings follow suit. The tech-led lift may face a test if non-tech sectors fall short in the earnings wave, especially amid a cautious tone from the Federal Reserve on future rate cuts.