Alphabet, Amazon rise premarket; Ford slips

U.S. stock futures rose in early trade as oil eased from four-year highs and investors digested heavyweight tech earnings. Alphabet (GOOG) climbed after stronger-than-expected cloud revenue, and Amazon rallied on its biggest AWS revenue expansion since 2022. Microsoft shares slipped despite roughly meeting cloud expectations and guiding for acceleration later in the year. Meta plunged over 9% after boosting 2026 capital expenditure guidance by $20 billion. Earnings and guidance swings drove notable premarket movers: Caterpillar jumped on better-than-expected EPS, Ford slipped after weak guidance, and Carvana beat revenue estimates. The net market impact was a modestly positive futures tone but mixed stock-level reactions across mega-cap tech and industrial names.