Nasdaq set to pop as Amazon soars on earnings

The Nasdaq composite was tipped to open sharply higher on Friday after Amazon posted stronger-than-expected earnings.

Nasdaq 100 futures indicated a gain of 90.85 points at the open, as Amazon shares rose more than 7 percent in the premarket. The S&P 500 was also indicated to rise at the open, while the Dow Jones industrial average stared down slight losses to start the day.

The moves in premarket trade came after markets in the U.S. finished the previous session in the black, with the Dow Jones industrial average surging more than 200 points by the close on the back of better-than-expected corporate results.

Earnings season continues on Friday, with Chevron and Exxon Mobil among the companies set to report.

In data, advance estimates of the gross domestic product (GDP) figures will be released for the first quarter at 8:30 a.m. ET, along with the employment cost index. Consumer sentiment figures will come out at 10 a.m. ET.

Politics will remain at the forefront of investors' minds Friday, both domestically and internationally. Overseas, the leaders of South and North Korea met at the border between the two countries for historic face-to-face discussions.

The talks are expected to ease tensions between the two nations, with the two leaders on Friday having pledged to remove the risk of war and collaborate in order to secure complete denuclearization of the Korean Peninsula.

Stateside, German Chancellor Angela Merkel is scheduled to meet with the Donald Trump administration in Washington — just days after French President Emmanuel Macron made a state visit to the U.S.

The two leaders are expected to talk about a number of subjects including geopolitical and economic issues that face both countries and the world.

No speeches are scheduled to take place by the Federal Reserve on the final trading day of the week.

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