Futures tracking US equities were muted higher on Friday, holding their recent rally with support from fresh corporate earnings as markets accepted that exports from the Persian Gulf will remain blockaded in the near-term. Contracts for the S&P 500 and Nasdaq were mostly flat near their records, while those for the Dow inched higher. Apple was over 3% higher premarket after reporting strong earnings and outlook, supported by sales of its newest iPhone and a robust performance in China. Energy majors were also in the spotlight with both ExxonMobil and Chevron edging higher after reporting their first-quarter numbers, exceeding profit expectations. Meanwhile, hyperscalers were mostly higher following their earnings after Wednesday's bells as markets continued to gauge whether signals of higher AI spending are grounded on demand growth. AI investment had carried the US GDP in the first quarter, per the latest data, offsetting signs of slowing private consumption.