US inventory futures greater as Netflix rises 6.5%

S&P 500 futures are up 13 factors after touching a file excessive (after which fading) yesterday. Nasdaq future are up zero.three% with some assist from Netflix, whose shares are up 6.5% after beating estimates on subscriber development. Apple shares are additionally up 1.eight% pre-market on a report that China iPhone 16 gross sales are up 20% in comparison with the prior model.

The primary US indexes are on monitor for a sixth straight week of positive factors, which might be the longest streak for the S&P 500 to this point this 12 months.

On the draw back are shares of drug retailer chain CVS, that are decrease by eight% after changing CEO Karen Lynch and guiding to earnings of $1.05-$1.10 per share in comparison with the $1.69 consensus.

Eyes are on Nvidia, which touched a file excessive yesterday earlier than closing under it. Shares are up 1% pre-market after Financial institution of America raised its value goal to $195, an almost 40% rise from right here.

On the macro facet, China shares climbed strongly right this moment on extra stimulus and that ought to assist to spice up growth-sensitive and cyclical shares.

This text was written by Adam Button at www.ubaidahsan.com.



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