US stocks were poised for a comeback on Friday as investors digested Amazon (AMZN) and Intel (INTC) earnings and all-important monthly jobs report.

Futures on the Nasdaq 100 (NQ=F) popped 0.6%, while those on the S&P 500 (^GSPC) rose 0.5%, both coming off steep losses fueled by after-earnings tumbles in Meta (META) and Microsoft (MSFT). Dow Jones Industrial Average futures (YM=F) added 0.5%.

Upbeat earnings from Amazon are dissipating the gloom around Big Tech's prospects that drove Thursday's slump in stocks. Its shares jumped over 6% in premarket after CEO Andy Jassy said its cloud unit's AI business was seeing triple-digit revenue growth.

Morale also got a lift from Intel's (INTC) earnings beat and outlook, which revived hopes for the chipmaker's turnaround and boosted the stock. But Apple (AAPL) shares slipped as its results and outlook left Wall Street wanting more.

Markets also took in stride disappointing headline numbers from the all-important jobs report, as the US economy added just 12,000 jobs in October, significantly missing expectations. The government said those numbers were weighed down by recent hurricanes and strike activity, most prominently at Boeing (BA).

Markets are currently pricing in about 98% odds of a quarter-point rate cut at the Fed meeting next week, per CME FedWatch.

Read more: What the Fed rate cut means for bank accounts, CDs, loans, and credit cards

In corporates, Boeing shares tipped higher after the union backed its latest offer to end a harmful factory workers' strike. The sweetened deal would lift wages by 38%.

Meanwhile, oil prices rose almost 2% amid revived Mideast fears, after a report that Iran is planning a strike on Israel via militias that it backs in Iraq. Brent (BZ=F) crude futures traded at around $74 a barrel after briefly nudging $75, while West Texas Intermediate (CL=F) futures neared $71.

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