The mounting level of US debt risks a "reckoning" for the economy if the pace of growth doesn't improve, said Goldman Sachs CEO. David Solomon said he saw a “low” chance of a recession in the near term.

Nasdaq futures rally after Amazon.com and Apple rose in late trading following strong earnings. S&P 500 contracts also climb, while Asian stocks and European equity futures underperform.

Chinese and Hong Kong shares decline. China's factory activity slumped for the longest streak in more than nine years, prompting fresh calls for greater policy support. The US will proceed with an investigation that opens the door to new tariffs on goods from China, despite the two nations' fresh truce, the US's top trade negotiator said.

US equity index futures climbed early on Friday after strong earnings from Amazon and Apple sent their shares surging in after-hours trading. Amazon's cloud unit posted the strongest growth rate in almost three years. Apple predicted a major sales surge during the holiday season. Meta tumbled 11% on concerns over whether massive AI spending will pay off.

Treasuries edged lower as Meta re-opened the corporate-bond supply spigot with the year's biggest offering. The dollar rose to its highest since July.