Netflix Surges, Boosting Nasdaq Futures: Latest Updates
TL;DR Summary
Nasdaq 100 futures rose after Netflix reported a surge in subscribers, reaching a record high in the fourth quarter, leading to an 8.6% jump in Netflix shares in extended trading. The company's revenue also exceeded expectations, contributing to the overall strength of mega-cap tech stocks in 2024. While the Dow pulled back due to disappointing earnings reports, the S&P 500 reached a new high. Earnings reports from AT&T and Freeport-McMoRan are expected, and traders are awaiting U.S. manufacturing and services data for January, as well as fourth quarter gross domestic product figures.
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