Advertisment
S&P 500 and NASDAQ futures rose Wednesday, led by early gains in Netflix, after the streaming giant posted blockbuster quarterly results.
Futures for the Dow Jones Industrials hiked 152 points, or 0.3%, to 44,388.
Futures for the S&P 500 Index grabbed 28.5 points, or 0.5%, to 6,112.75.
Futures for the tech-heavy NASDAQ spiked 188 points, or 0.9%, to 21,897.50.
Netflix shares soared more than 14% after the company surpassed 300 million paid memberships. It’s fourth-quarter earnings and revenue also topped analyst expectations. The streamer’s results got a boost from hit series “Squid Game” and live sporting events such as the Jake Paul and Mike Tyson boxing match.
United Airlines gained more than 3% after the airline operator posted a rosy outlook and issued fourth-quarter results that surpassed expectations.
Earnings season continues Wednesday, with reports from Procter & Gamble set to release. Halliburton and GE Vernova will also post results.
Traders also kept an eye on Washington after President Donald Trump said Tuesday he’s considering a 10% tariff on China beginning as soon as Feb. 1.
Trump also announced a joint venture dubbed “Stargate,” with OpenAI, Oracle and Softbank to invest ?$500 billion, at least” in AI infrastructure in the United States.
In Japan, the Nikkei 225 index leaped 1.6% Wednesday, while in Hong Kong, the Hang Seng index caved 1.6%.
Oil prices gained 13 cents to $75.96 U.S. a barrel.
Gold prices increased $6.60 to $2,765.80 U.S. an ounce.
