According to The Kobeissi Letter, S&P 500 futures rallied by 75 points between 3:30 PM ET and 4:00 PM ET on May 1, 2025, despite the absence of major news. Notably, just five minutes after this surge, both Meta ($META) and Microsoft ($MSFT) released earnings reports that significantly exceeded expectations (source: The Kobeissi Letter Twitter, May 1, 2025). This sequence suggests that market participants may have anticipated strong tech sector performance, impacting futures action ahead of official announcements. Traders should closely monitor futures movements for potential early signals of earnings momentum, especially during high-impact earnings seasons.