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

Futures on the Nasdaq 100 (NQ=F) popped 0.5%, while those on the S&P 500 (^GSPC) rose 0.4%, both coming off steep losses fueled by after-earnings tumbles in Meta (META) and Microsoft (MSFT). Dow Jones Industrial Average futures (YM=F) added 0.4%.

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.

The all-important jobs report, due at 8:30 am ET, could test whether the month gets off to a positive start. The reading — a crucial input into Federal Reserve policy making — is expected to show nonfarm payrolls rose by 105,000 in October, a significant slowdown.

But the picture the data paints of the labor market will be muddied by the fallout from hurricanes and the Boeing strike, making it less clear what it will mean for the path of interest rates. Markets are currently pricing in about 95% odds of a 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 (BA) 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.