Netflix, Wall Street
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U.S. stock futures are higher after more earnings reports after the regular session close and ahead of consumer sentiment data.
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Investor's Business Daily on MSNDow Jones Futures: Netflix Falls On Earnings; Market Hits Highs, 5 Stocks Flash Buy SignalsDow Jones futures rose slightly early Friday, along with S&P 500 futures and Nasdaq futures. NetflixNFLX, online brokers Interactive BrokersIBKR and Charles SchwabSCHW reported overnight, along with Dow components 3MMMM and American ExpressAXP.
U.S. stock index futures inched higher on Friday, buoyed by signs of a resilient U.S. economy, even as Netflix's market-beating quarterly profit failed to dazzle investors.
The moves come after Wall Street saw a winning session, with the S&P 500 posting fresh intraday and closing records.
U.S. stock index futures climbed on Friday, reflecting a strong economy, although Netflix shares fell despite exceeding earnings expectations. The S&P 500 and Nasdaq set new records following positive retail and jobless data.
Netflix reported second-quarter revenue of $11.08 billion, up 16% year-over-year. The revenue total beat a Street consensus estimate of $11.04 billion according to data from Benzinga Pro. The company reported second-quarter earnings per share of $7.19, beating a Street consensus estimate of $7.06.
Stock futures are slightly higher Friday morning as the market looks to close out the first week of earnings-reporting season on a high note.
Some of the major companies slated to report before the opening bell include Taiwan Semiconductor Manufacturing, Travelers, GE Aerospace and PepsiCo.
Netflix continues to chug along, growing its revenue and profit margins even as its competitors struggle to keep their streaming services profitable. Netflix reported total revenues of $11.1 billion,
Stock futures were little changed Friday morning after both the S&P 500 and Nasdaq hit new highs, while the Dow Jones neared its own record levels. Here's what investors need to know today. 1. Stock Futures Flat After Tech Stocks Extend Streak to Four Sessions Stock futures were flat in premarket trading Friday after a session in which tech stocks continued their streak and major indexes touched new highs.