Dow Futures Rise Amid Robust Earnings, Netflix Pops 7.4%

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Dow Futures Rise Amid Robust Earnings, Netflix Pops 7.4%
Credit: © Reuters.

By Oliver Gray - Dow futures were trading higher during Tuesday’s evening deals, following a strong session for major indices as robust earnings drove sentiment.

By 7:10 PM ET (11:10 PM GMT) Dow Jones Futures were up by 0.1%, while S&P 500 Futures gained 0.2% and Nasdaq 100 Futures lifted 0.4%

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.

Interactive Brokers Group Inc (NASDAQ: IBKR ) moved 1.8% lower after reporting Q2 EPS of $0.84 versus $0.91 expected, while revenues came in at $656 million versus $736.3 million expected.

Omnicom Group Inc (NYSE: OMC ) added 2.1% after reporting Q2 EPS of $1.46 versus $1.57 expected on revenues of 3.57 billion versus 3.48 billion expected.

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 ).

Halliburton Company (NYSE: HAL ) added 2.1% as sharply rising oil prices this year helped to boost profits.

Hasbro Inc (NASDAQ: HAS ) added 0.7% after reporting better than expected earnings, while revenue came in below expectations.

Johnson & Johnson (NYSE: JNJ ) shares declined about 1.5% after the company cut its full-year revenue and profit guidance while reporting better-than-expected top and bottom line results.

On the bond markets, United States 10-Year yields were at 3.028%.


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