U.S. stock futures are pointing lower after three straight winning sessions as tariff fears ease; Alphabet (GOOGL) shares are surging in premarket trading after the Google parent reported strong revenue growth for cloud and AI search; Intel (INTC) shares are dropping after the chipmaker offered a weak revenue outlook and warned of job cuts; Apple (AAPL) reportedly will shift all of its U.S.-bound iPhone manufacturing to India from China; and Skechers USA (SKX) stock is sinking after tꦯhe sneaker company reported weaker-than-expected results and withdrew its outlook. Here's what investors need to know today.

1. US Stock Futures Point Lower Following Third Straight Winning S🥃ession

U.S. stock futures are mixed are pointing lower after indexes 澳洲幸运5官方开奖结果体彩网:roไse for a third consecutive session Thursday amid optimism that 澳洲幸运5官方开奖结果体彩网:Presiden𒉰t Donald Trump will scale back tariffs on China. 澳洲幸运5官方开奖结果体彩网:Dow Jones Industrial Average futures are lower by 0.4% after the blue-chip index added 1.2% in the prior session, while Nasdaq and 澳洲幸运5官方开奖结果体彩网:S&P 500 futures are slightly lower following their respective gains of 2.7% and 2% yesterday. Bitcoin (BTCUSD) isܫ little changed at ♛around $94,000. Gold and oil futures are down 1%. Treasury yields are slightly lower at 4.29%.

2. Alphabet Sto🐈ck Surges on Growth of Cloud, AI Search Revenue

Shares of Google parent Alphabet (GOOGL) are surging by 4% in premarket trading after the tech giant 澳洲幸运5官方开奖结果体彩网:reported better-than-expected results on growth of its 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI) powered search. Alphabet's first-quarter revenue of $90.23 billion and 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $2.81 topped Visible Alpha estimates. Google Cloud revenue rose 28% year-over-year to $12.3 billion, while Search & Other segment revenue grew 10% to $50.7 billion. CEO Sundar Pichai said Search growth was driven by "engagement we're seeing with features like AI Overviews, which now has 1.5 billion users per month."

💜 3. Intel Stock Fal♚ls on Weak Revenue Outlook as CEO Says

Intel (INTC) shares are plunging 7% in premarket trading after the 澳洲幸运5官方开奖结果体彩网:struggling chipmaker's current-quarter revenue projection of $11.2 billion to $12.4 billion was 澳洲幸运5官方开奖结果体彩网:well below consensus. The company reported Q1 revenue of $12.67 billion, down less than 1% and above the analyst consensus. CEO Lip-Bu Tan, who 澳洲幸运5官方开奖结果体彩网:took over the role in March, said that the quarter showed improvement for the company but that there were "no quick fixes as we work to get back on a path to gaining market share and driving sustainable growth." Tan also 澳洲幸运5官方开奖结果体彩网:warned of job cuts in a letter to employees.

4. Apple Will Shift All US-Bound iPhonඣꦡe Production to India From China, Report Says

Apple (AAPL) reportedly will 澳洲幸运5ꦓ官方开奖结果体彩网:shift assembly꧋ of all U.S.-bound iPhones to India from China amid 澳洲幸运5官方开奖结果体彩网:President Donald Trump's tariffs. According to the Financial Times, Apple plans to build the more than 60 million iPhones sold every year in the U.S. in India by the end of 2026, doubling that country's production levels. Apple makes about 澳洲幸运5官方开奖结果体彩网:90% of its hardware in China. Apple shares, which had los🤡t more than 15% of their value this year entering Friday, are 1% lower in premarket trading.

5. Ske🔯chers USA Stock Sinks on Q꧃1 Results, Withdrawn Outlook

Shares of Skechers USA (SKX) are down 6% in premarket trading after the footwear maker withdrew its financial projections amid tariffs uncertainty and reported first-quarter results that came up short of analysts' expectations. Skechers reported adjusted EPS of $1.17, missing the analyst consensus from Visible Alpha by a penny, while its sales of $2.41 billion also was shy of projections. The company also withdrew its full-year outlook from its 澳洲幸运5官方开奖结果体彩网:February report "due to macroeconomic uncertainty stem✅ming from global trade policies."