US stock futures were mixed in Friday's trading session as investors reviewed the latest corporate earnings reports.
The Dow Jones Industrial Average rose 1.34% to 646.26 points, the S&P 500 rose 0.21% to 14.32 points, while the tech-focused Nasdaq fell 0.25% to 60.30 points.
Investors also looked to the US central bank for updates after the Federal Reserve (Fed) cut interest rates by 25 basis points and Fed Chairman Jerome Powell signaled a pause in further easing.
However, investors were relieved that the Fed still has room to cut interest rates, given persistently high inflation and signs of weakness in the labor market.
In other news, Oracle shares fell 10.8% in their biggest daily drop since late January after the company's quarterly report disappointed analysts' expectations.
The company also warned that its annual expenses would increase by $15 billion more than expected, raising concerns about the company's investment in artificial intelligence (AI).
Meanwhile, Broadcom shares fell nearly 5% despite the company reporting better-than-expected quarterly results and issuing strong guidance.
Lululemon shares jumped more than 10% after Chief Executive Officer (CEO) Calvin McDonald announced his resignation at the end of January next year following a year of poor performance.
