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Nasdaq 100 futures added to Thursday’s gains after the close of equities trading in New York, as shares of heavyweights like Alphabet and Amazon rallied.

The June 2017 contract, which was trading up by about 0.55 per cent as the closing bell rang, extended its rise to 0.91 per cent by 5pm ET.

Google parent Alphabet rallied 4.5 per cent in after-hours trading, while Amazon climbed 3.8 per cent. The duo, which both reported quarterly results that beat Wall Street expectations, represent more than $1tn in market value when combined.

Intel and Starbucks, which both trade on the Nasdaq, faced 3 per cent declines, but represent a significantly smaller slither of market capitalisation. Software maker Microsoft was down by 0.9 per cent at pixel time.

The Nasdaq 100 index, which tracks the biggest Nasdaq companies and is closely watched by investors, set a record high on Thursday, and has roared higher by 14.6 per cent this year helped by a strong performance among technology companies.

The $48bn PowerShares QQQ exchange-traded fund, which tracks the index, was up by 0.29 per cent in extended trading, after posting a rise of 0.6 per cent on Thursday.

Copyright The Financial Times Limited 2017. All rights reserved.
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