U.S. Stock Futures Trend Higher as Oil Prices Fall, Apple (AAPL) Stock Rises on Q1 Earnings

U.S. stock futures moved higher on Friday morning as oil prices fell after a regional source told Axios that Iran responded to the U.S. through Pakistani mediators regarding the latest U.S. amendments to the agreement to end the war in the Middle East. Futures on the Nasdaq 100 (NDX), the S&P 500 Index (SPX), and the Dow Jones Industrial Average (DJIA) were up 0.02%, 0.28%, and 0.37%, respectively, at 8:35 a.m. EDT.

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At the time of writing, Brent crude (CM:BZ) was down 0.07% to $110.32 per barrel, while WTI crude (CM:CL) fell 1.99% to $103.

Investors also reacted to tech giant Apple’s (AAPL) better-than-expected Q2 FY26 revenue and earnings, despite iPhone sales lagging expectations. AAPL shares were up 3% in Friday’s pre-market trading.

In Thursday’s regular trading session, major indices jumped on the final trading day of April, with the S&P 500 and the Nasdaq Composite hitting record highs as investors digested a wave of earnings and economic data. Overall, the Dow Jones, the S&P 500, and the Nasdaq Composite rose 1.62%, 1.02%, and 0.89%, respectively.

Turning to trending stocks, shares of Rivian Automotive (RIVN) fell about 3% even after the electric vehicle (EV) maker reported a narrower-than-anticipated loss for the first quarter. SanDisk (SNDK) stock fell 6% despite the memory company reporting stellar fiscal third-quarter results.

Likewise, Western Digital (WDC) shares fell more than 7% in Friday’s pre-market trading even after the storage company delivered solid Q3 FY26 results and issued a strong outlook. The sell-off in SNDK and WDC stocks reflected profit-booking after a stellar rally over the past year on robust AI-led demand.

Also, Roblox (RBLX) stock plunged 24% after the online gaming platform missed Q1 revenue expectations and slashed its full-year bookings guidance. In contrast, Twilio (TWLO) stock rallied 22% following the cloud communications software maker’s market-beating Q1 results. Also, Reddit (RDDT) stock rose more than 12% as the social media platform reported strong Q1 results and better-than-anticipated daily active users.