Intel Earnings Surge and Ceasefire Extension Lift US Tech Futures

US equity futures are signaling a positive start for Friday's session, with the technology sector expected to lead the recovery. Nasdaq futures have climbed 1.5%, while the S&P 500 and Dow Jones futures have gained 0.6% and 0.1%, respectively. The primary catalyst is a significant beat from Intel, whose shares surged 27% in pre-market trading. The chipmaker reported first-quarter earnings that exceeded analyst expectations and provided guidance that topped forecasts, revitalizing sentiment for growth and software names after a period of pressure. This recovery follows a softer Thursday where geopolitical tensions and rising energy costs weighed on Wall Street. The Dow and S&P 500 both declined 0.4%, while the Nasdaq fell 0.9% as investors grew cautious ahead of key tech reports. Market volatility is being tempered by news that President Donald Trump has extended the Israel-Lebanon ceasefire by three weeks. While oil prices remain consolidated above $100 per barrel, the extension provides a temporary reprieve, though analysts warn that shipping risks in the Strait of Hormuz and Iranian oil flows remain fragile. Investors are now looking ahead to a heavyweight earnings week featuring Microsoft, Alphabet, Amazon, Meta, Apple, and Exxon Mobil. Additionally, the final University of Michigan consumer sentiment index for April is scheduled for release today.