S&P 500 futures indicate a potential record-setting day on Wall Street, fueled by positive reactions to earnings reports from Meta Platforms and Amazon.com. Amid a week marked by volatility and significant events, both S&P 500 and Nasdaq-100 futures are poised for substantial gains. The S&P 500 is anticipated to surpass the previous record of 4,927.93 set on Jan. 29.

In premarket trading, Meta Platforms experienced a remarkable 17% surge after surpassing earnings expectations and unveiling its inaugural dividend payment. Amazon.com’s stock also witnessed a rally following its latest financial results. However, Apple shares faced a dip, despite beating earnings estimates, as the company issued a cautious outlook.

The noteworthy developments in the tech sector may overshadow the release of the key payrolls report, expected to reveal the creation of 185,000 jobs in the previous month.

Stocks are currently navigating a landscape with a more favorable comparison to bonds, given the 10-year yield’s 30-basis-point decline throughout the week. This shift can be attributed to various factors, including the Treasury’s refunding plans and concerns stemming from New York Community Bancorp’s profit warning.

Additionally, investors await earnings reports from major oil companies Exxon Mobil and Chevron, following Shell’s positively received results on Thursday. The overall market sentiment remains influenced by a series of impactful events and the ongoing interplay between economic indicators and corporate performance.