[ad_1]
Wall Street futures rose on Friday, with technology shares leading the way and Netflix surging after reporting strong results. Netflix’s stock climbed 5.8% in premarket trading as the company exceeded Wall Street’s expectations for subscriber growth and forecasted continued expansion.

Major tech Stocks, including Apple and Nvidia, were also higher in premarket trading. Apple saw a 1.1% increase following a rise in new iPhone sales in China, while Nvidia gained 1.2% after strong results from TSMC boosted semiconductor Stocks.

Futures for the Dow were up 30 points, S&P 500 E-minis rose 13 points, and Nasdaq 100 E-minis were up 93 points. Additionally, U.S. listings of Chinese companies saw gains after the Central bank introduced funding schemes to support the equity market. Alibaba, JD.com, and PDD Holdings all saw increases in their stock prices.

Earnings reports from financial firms and positive economic data drove the Dow and S&P 500 to new record highs this week, although investors are now exploring more affordable market sectors. Despite the potential for a pullback due to high valuations, all three major indexes were on track for their sixth consecutive week of gains.

Treasury yields edged higher, with the 10-year note yield surpassing 4.1%, potentially adding pressure to equities. The ongoing rate cutting by the Federal Reserve is expected to broaden equity market performance, favoring smaller companies.

Upcoming earnings reports include Procter & Gamble, American Express, and SLB. September housing starts data and speeches from Fed officials are also on the agenda. Expectations for a 25 basis point interest rate cut at the November Fed meeting remain high at 92.1%.

[ad_2]
Stocks-gain-netflix-jumps-after-strong-earnings-3670503″>SOURCE