{"id":107352,"date":"2024-10-18T15:53:47","date_gmt":"2024-10-18T11:53:47","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=107352"},"modified":"2024-10-18T15:53:50","modified_gmt":"2024-10-18T11:53:50","slug":"u-s-stock-futures-rise-on-tech-gains-netflix-surges-after-strong-results","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/u-s-stock-futures-rise-on-tech-gains-netflix-surges-after-strong-results\/10\/18\/market-updates\/","title":{"rendered":"U.S. Stock Futures Rise on Tech Gains, Netflix Surges After Strong Results"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p>U.S. stock futures edged higher on Friday, driven by technology sector gains, particularly in the Nasdaq 100. Leading the charge was <strong>Netflix<\/strong>, whose shares jumped 6.5% in premarket trading after exceeding Wall Street expectations for subscriber growth and projecting continued growth through the end of the year.<\/p>\n\n\n\n<p>Other <strong>&#8220;Magnificent Seven&#8221;<\/strong> tech stocks that have propelled Wall Street&#8217;s rally this year also saw premarket gains. <strong>Apple<\/strong> rose 1.5% following data showing a surge in new iPhone sales in China, while <strong>Nvidia<\/strong> extended its gains, up 0.9%, benefiting from strong results by chipmaker <strong>TSMC<\/strong>. However, <strong>Tesla<\/strong> dropped 0.5% after U.S. regulators opened an investigation into the company&#8217;s self-driving software, following reports of four crashes, including one fatal incident.<\/p>\n\n\n\n<p><strong>Futures and Market Overview<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Dow E-minis<\/strong>: up 37 points (+0.09%)<\/li><li><strong>S&amp;P 500 E-minis<\/strong>: up 10 points (+0.17%)<\/li><li><strong>Nasdaq 100 E-minis<\/strong>: up 76.5 points (+0.38%)<\/li><\/ul>\n\n\n\n<p>This follows a strong week for Wall Street, with the <strong>Dow Jones<\/strong> and <strong>S&amp;P 500<\/strong> reaching fresh record highs, while all three major indexes were on track for their sixth consecutive week of gains. The <strong>Russell 2000<\/strong> small-cap index outperformed with a 2% rise.<\/p>\n\n\n\n<p><strong>Earnings and Corporate Movers<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Procter &amp; Gamble<\/strong> was little changed after missing first-quarter sales expectations.<\/li><li><strong>SLB<\/strong> (formerly Schlumberger) added 1% after exceeding profit estimates for the quarter.<\/li><li><strong>American Express<\/strong> climbed 2.4% following better-than-expected quarterly profits.<\/li><\/ul>\n\n\n\n<p>Additionally, U.S. listings of <strong>Chinese companies<\/strong> surged as the Chinese central bank launched funding schemes to boost equity markets. <strong>Alibaba<\/strong> gained 2.9%, <strong>JD.com<\/strong> rose 5.5%, and <strong>PDD Holdings<\/strong> climbed 4.7%.<\/p>\n\n\n\n<p><strong>Economic Outlook and Interest Rates<\/strong><\/p>\n\n\n\n<p>U.S. Treasury yields ticked higher, with the 10-year note yield rising above 4.1%, which could put additional pressure on equities. However, expectations remain steady that the <strong>Federal Reserve<\/strong> will ease interest rates by 25 basis points at its November meeting, with odds currently at 92.1%, according to CME&#8217;s FedWatch tool.<\/p>\n\n\n\n<p>Investors are also monitoring <strong>September housing starts<\/strong> data and speeches from Fed officials Christopher Waller, Neel Kashkari, and Raphael Bostic for further economic insight.<\/p>\n\n\n\n<p>Despite the overall positive market momentum, some analysts warn that high stock valuations, with the <strong>S&amp;P 500<\/strong> trading at nearly 22 times forward earnings, could leave equities vulnerable to a pullback as investors seek less expensive sectors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.S. stock futures edged higher on Friday, driven by technology sector gains, particularly in the Nasdaq 100. Leading the charge was Netflix, whose shares jumped 6.5% in premarket trading after exceeding Wall Street expectations for subscriber growth and projecting continued growth through the end of the year. Other &#8220;Magnificent Seven&#8221; tech stocks that have propelled &hellip;<\/p>\n","protected":false},"author":9,"featured_media":53440,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[6827,49,39,36],"tags":[10587,9895,7587],"class_list":["post-107352","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-daily-economic-reports","category-economic-reports","category-global-stock-markets","category-market-updates","tag-middle-east-tensions","tag-nvidia-stock","tag-us-stocks"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/107352","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=107352"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/107352\/revisions"}],"predecessor-version":[{"id":107353,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/107352\/revisions\/107353"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/53440"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=107352"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=107352"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=107352"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}