By Oliver Gray
Investing.com - Dow futures were trading higher during Tuesday’s evening deals, following a strong session for major indices as robust earnings drove sentiment.
In extended deals, Netflix Inc (NASDAQ: NFLX ) surged 7.4% after reporting earnings results , with Q2 EPS coming in at $3.2 versus $2.96 expected while revenues were at $7.97 billion versus $8.03 billion expected. The company noted that it had lost 970,000 subscribers in the second quarter, better than the 2 million it had previously projected.
Ahead in the session, market participants will be bracing for a continued deluge of corporate earnings reports, with Tesla Inc (NASDAQ: TSLA ), United Airlines Holdings Inc (NASDAQ: UAL ), American Airlines Group (NASDAQ: AAL ), Snap Inc (NYSE: SNAP ), Twitter Inc (NYSE: TWTR ), and Verizon Communications Inc (NYSE: VZ ) scheduled to report in coming days.
During Tuesday’s session, the Dow Jones Industrial Average futures rose 754.4 points or 2.4% to 31,827.1, the S&P 500 gained 105.8 points or 2.8% to 3,936.7, and the NASDAQ Composite climbed 353.1 points or 3.1% to 11,713.2.
Major financial companies outperformed amid rising yields and robust earnings from Goldman Sachs Group Inc (NYSE: GS ), Citizens Financial Group Inc (NYSE: CFG ) and Bank of America Corp (NYSE: BAC ).
On the bond markets, United States 10-Year yields were at 3.028%.
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.