Dow Jones futures were little changed while S&P 500 futures and Nasdaq futures rose slightly on the Netflix earnings report. The stock market rally rebounded Tuesday after retreating modestly last week.
Netflix (NFLX) missed on earnings but beat on revenue and subscriber growth, even as Walt Disney (DIS) becomes a bigger threat with its fast-growing Disney+. Netflix stock spiked above an early entry overnight. Disney stock also rallied.
Joe Biden will be inaugurated as president on Wednesday.
Apple, Netflix stock and most big techs rose slightly in Tuesday’s session but didn’t change their character as lackluster performers. One possible exception was Google parent Alphabet (GOOGL), a FANG stock peer to Netflix.
Dow Jones Futures Today
Dow Jones futures edged lower vs. fair value, with Disney stock offering a small boost. S&P 500 futures climbed less than 0.1%. Nasdaq 100 futures rose 0.3%, buoyed by Netflix stock.
Coronavirus cases worldwide reached 96.62 million. Covid-19 deaths topped 2.06 million.
Coronavirus cases in the U.S. have hit 24.80 million, with deaths above 411,000.
New U.S. Covid cases have slowed significantly in the past several days, but remain very high. Hospitalizations appear to have peaked, at least nationwide, with daily deaths also potentially at a top.
Coronavirus vaccinations may speed up in the coming weeks as supply improves, state and federal guidelines on vaccine eligibility loosen and the holiday weekend season ends. Vaccination rates have tended to fall on the weekends, especially on holidays.
Stock Market Rally
U.S. Stock Market Today Overview
Last Update: 4:06 PM ET 1/19/2021
The stock market rally had a solid session, led by techs and growth names.
The Dow Jones Industrial Average rose 0.4% in Tuesday’s stock market trading. The S&P 500 index climbed 0.8%. The Nasdaq composite jumped 1.5%. While the Nasdaq is just below the Jan. 8 peak, it closed…
Go to the news source: Dow Jones Futures: Netflix Flashes Buy Signal; Stock Market Rally Fuels Qualcomm…