US stock futures rise after upbeat Amazon earnings; Apple slides

U.S. stock futures rose after strong after-hours earnings from Amazon and Microsoft boosted sentiment toward AI and technology stocks. Amazon jumped on better-than-expected June quarter results, with AWS delivering its fastest growth in 18 quarters and management highlighting momentum in AI and custom chips. The upbeat tech backdrop helped lift S&P 500, Nasdaq 100, and Dow futures. However, gains were capped by Apple’s sharp after-hours decline after it issued weaker-than-expected current-quarter sales guidance, citing supply-chain issues, higher memory and component costs, and softer China sales and services revenue. The article also notes broader market support from easing geopolitical concerns, but July still looked set to finish lower for major U.S. indexes, especially the Nasdaq, after a rough month for tech and semiconductors.