STOCKS/ECONOMY
-Stock futures are higher after Thursday's 169-point gain for the Dow, larger 0.5 percent rise for the S&P 500, and a 0.3 percent advance for the Nasdaq. Investors are reacting to Apple's earnings numbers and some inflation data.
-The yield on the 10-year Treasury bond is up to 4.54 percent.
-Gold is at the $2,843 per ounce level. Bitcoin is at the $104,700 level.
-Asian markets closed mostly higher, with the Nikkei up 0.2 percent. Chinese markets remain closed for the lunar new year holiday.
OIL/ENERGY
-U.S. crude prices are flat and at the $72 a barrel level.
-Gasoline prices are holding at $3.11 a gallon, national average.
-Chevron (CVX) reported weaker than expected quarterly profits as its refining business suffered losses for the first time in four years. Its shares are down 2 percent in the premarket.
-Exxon Mobil (XOM) also reported weaker refining numbers, but it still beat overall quarterly profit estimates. Its shares are up slightly in the premarket.
APPLE NUMBERS
-Apple (AAPL) reported better than expected quarterly profits and revenues, despite weaker iPhone sales numbers. It made up for it with strong gains in its App Stores purchases, payments and advertising businesses. Apple shares are up 4 percent in the premarket.
X RETURN
-Amazon (AMZN) is reportedly ramping up its ad spending on X, a year after many advertisers began to cut their spending on the social media platform because of the threat of left wing boycotts. Amazon shares are up 1 percent in the premarket.
PHARMA
-The Food and Drug Administration has approved Vertex Pharmaceuticals’ (VRTX) non-opioid painkiller pill, a new alternative for pain relief that the company says comes without the risk of addiction. Vertex shares are up 5 percent in the premarket.
AI MANIA
-Researchers at cybersecurity company Wiz have revealed a serious security vulnerability in the systems of Chinese company DeepSeek, Wiz found that a whole database of the Chinese company containing users’ chats, secret keys, and sensitive internal information, was exposed to anyone on the Internet.
dow futures are
apple iphones china services like app store payments up 4%
amazon ramping up on x
fda approves vertex pharmaceuticals’ non-opioid painkiller up 5%
wiz exposes deepseek
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