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Earnings boost Dow futures, according to Netflix

Aria Thomas

Oct 19, 2022 14:17

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Tuesday evening, U.S. stock futures were trading higher after major benchmark averages rose during the day. Goldman Sachs Group Inc (NYSE:GS) and Lockheed Martin Corporation (NYSE:LMT) surpassed market forecasts with their profits, boosting investor sentiment.


By 7:05pm ET (11:05pm GMT), the Dow Jones Futures increased 0.5%, the S&P 500 Futures increased 0.8%, and the Nasdaq 100 Futures increased 1.2%.


Extended deals for Netflix (NASDAQ:NFLX) increased by 14% after the firm posted higher-than-anticipated Q3 profits per share of $3.10 and revenue of $7.93 billion.


United Airlines Holdings Inc. (NASDAQ:UAL) rose 6.3% after announcing earnings per share for the third quarter of $2.81, which was higher than the consensus estimate of $2.24. Instead of the predicted $12.72 billion, the corporation earned $12.9 billion.


Intuitive Surgical (NASDAQ:ISRG) rose 11.6% after reporting earnings per share of $1.19 for the third quarter, which was higher than the consensus estimate of $1.12, and sales of $1.56 billion, which was higher than the consensus estimate of $1.51 billion.


On Wednesday, investors will focus on new data on home starts and earnings reports from major technology firms such as International Business Machines (NYSE:IBM) and Tesla Inc. (NASDAQ:TSLA).


The Dow Jones Industrial Average rose 338 points, or 1.1%, to 30,523.8 on Tuesday, while the S&P 500 rose 42 points, or 1.1%, to 3,720 and the NASDAQ Composite rose 96.6 points, or 0.9%, to 10,772.4.


The rate on a 10-year US bond on the bond market was 4.007 percent.