Stock Futures Rise as Tech Earnings and Interest Rates Weigh on Markets

U.S. stock futures rose after the Nasdaq slipped further into correction territory. Amazon shares gained nearly 5% in after-hours trading after beating analysts' expectations for revenue and earnings. Ford stock dropped 3% after missing earnings expectations and pulling its guidance due to the UAW strike. The tech-heavy Nasdaq Composite shed 1.76% during regular trading, while the S&P 500 ended 1.18% lower, teetering close to correction territory. The Dow shed 251.63 points, seeing its sixth negative session in seven. Analysts suggest further downside for the market, with uncertainty surrounding a year-end rally. Investors are looking ahead to the personal consumption expenditures reading for September and earnings reports from Chevron and Exxon Mobil. Eight out of 11 sectors ended Thursday's trading session in negative territory, with communication services being the laggard. The major averages are on track for their third consecutive month of declines.