Morning Dose #148: Amazon and Apple Lead Charge, Futures Green – Friday 10/31/2025
Key takeaways
- Traders should stay cautious but look for opportunities in the tech sector. Monitor economic data at 8:30 AM and key support/resistance levels for the S&P 500 and NASDAQ.
Morning Dose: Amazon and Apple Lead Charge, Futures Green
A quick analysis of today’s market outlook and key trading opportunities to start your day.
Intro & Market Mood
Welcome to The Morning Dose – Everything You Need to Know Before the Market Opens. It is Friday, October thirty-first, and futures are pointing to a green open! We’re looking to claw back a good chunk of yesterday’s losses right from the bell.
Overnight Headlines
Yesterday saw profit-taking in mega-caps after a strong run-up. However, today, the market is rebounding pre-market thanks to solid earnings from Amazon (AMZN) and Apple (AAPL).
Economic Announcements
Key data at 8:30 AM Eastern includes Employment Cost Index, Personal Income, Personal Spending, and the crucial PCE Price Index – consensus expects a 0.3% rise in the core reading.
Earnings Highlights
- Amazon (AMZN) beat earnings expectations with a 20% increase in AWS sales.
- Apple (AAPL) surpassed EPS estimates and provided strong revenue guidance despite light iPhone revenues.
- Netflix (NFLX) announced a stock split and is rumored to be eyeing Warner Brothers Discovery.
Top Movers
- Top Gainers: Alphatec (ATEC) (+20%), Reddit (+11%), Western Digital
- Top Losers: SPS Commerce (-33%), Newell Brands (-13%)
Quick Trade Ideas
Watch for breakouts in tech stocks like SNOW, but be selective and focus on stocks with relative strength.