(Il Sole 24 Ore Radiocor) - Milano, 30 apr - US futures were higher as oil prices pulled back from highs and investors reacted to a rush of key earnings.

Wall Street ended little changed yesterday after the Federal Reserve, as widely expected, kept interest rates on hold. The Dow fell 0.6% while the S&P 500 and tech-heavy Nasdaq both closed flat.

Oil prices touched a four-year high in early trade after reports US president Donald Trump is considering new military options in Iran and is envisaging an extensive naval blockade of the country. But they then eased back with Brent settling at around 115 dollars a barrel.

On the earnings front 'Magnificent Seven' members Microsoft, Alphabet, Meta Platforms and Amazon all posted bumper profits yesterday as AI boosted business.

But while shares in Google parent Alphabet rose 8% in premarket trade lifted by positive results in its cloud business, Meta shares slumped more than 9% after committing greater spending on AI data centres this year. Investors are concerned excessive AI investments may undermine balance sheets.

Apple is due to report its latest earnings after market close today.

On the data front, March's core PCE price index, the Fed's preferred inflation gauge, is due out before the open, along with a first reading of first quarter GDP and the latest weekly jobless numbers.

Futures on the Dow Jones were up 284.00 points, or 0.58%, S&P 500 futures were up 27.75 points, or 0.39%, while futures on.

the Nasdaq were up 156.50 points, or 0.57%.

(RADIOCOR) 30-04-26 13:59:06 (0545) 5 NNNN