Dow Jones and Nasdaq to rebound as Alphabet and Amazon earnings welcomed

US markets were poised to open higher after strong after-hours earnings from three of the four 'Magnificent Seven' tech giants, which boosted investor confidence in AI-driven cloud monetisation and offset concern about rising oil. Dow futures rose ~0.6% with smaller gains expected for the Nasdaq and S&P 500 as Alphabet and Amazon led premarket strength while Microsoft had mixed reaction despite robust Azure growth. Elevated WTI crude above $110/boe remained a macro headwind. Analysts said hyperscaler results could push the S&P 500 to fresh highs by reinforcing AI spending narratives, though Meta’s large planned spending served as a cautionary note.