Amazon Stock Surges as AWS Growth Ignites Nasdaq Futures [iPuasnBNG0h]
Amazon shares are surging after AWS revenue grew 37%, lifting Nasdaq futures and major AI and semiconductor stocks. Apple is falling sharply after a weaker outlook, while hotter wage data is pushing Treasury yields higher. In this Market Before the Bell update for Friday, July 31, 2026, we cover: Amazon earnings, AWS growth and the company’s expanded AI infrastructure spending Apple earnings, Services revenue and supply constraints S&P 500, Nasdaq-100, Dow and Russell 2000 futures The Employment Cost Index and its impact on Treasury yields NVIDIA, AMD, Micron, Intel, Marvell and Monolithic Power Systems Major premarket movers including AMZN, AAPL, MPWR, RBLX and GDDY WTI crude oil, gold, Bitcoin and the U.S. dollar Key stocks to watch and a risk-controlled opening-bell strategy Amazon is the strongest market catalyst after reporting accelerating cloud growth and exceptionally strong demand for artificial-intelligence infrastructure. Apple is moving sharply in the opposite direction as investors react to supply constraints and a softer revenue outlook. The primary stocks to watch are AMZN, AAPL and MPWR. This video is for market analysis and educational purposes only. It is not personalized financial advice. Subscribe to Market Before the Bell for verified U.S. premarket news, earnings analysis, market futures and stocks to watch before every trading session.