US stock index futures rose on Wednesday, driven by Netflix’s strong Q4 results and investors’ assessment of President Donald Trump’s trade policies. The Dow Jones Futures gained 50 points, or 0.1%, while the S&P 500 Futures climbed 24 points, or 0.4%.
Trump’s move to avoid imposing harsh import tariffs on friends and foes has boosted equities, although he mentioned placing levies on Mexico and Canada as soon as February 1. The European Union and China are also under consideration for potential tariffs.
Netflix shares surged more than 14% premarket after reporting a record-breaking 19 million new subscriber additions in the fourth quarter of 2024. Quarterly revenue rose to $9.5 billion, up 8%, while net income came in at $915 million, reflecting a 12% growth.
A $500 billion joint venture, named Stargate, was unveiled by Trump involving tech leaders like OpenAI, Oracle, SoftBank, and Microsoft. The collaboration aims to construct extensive AI data centers and electricity generation facilities in Texas over the next four years.
Oil prices rebounded after earlier losses on Wednesday, rising 0.6% to $76.28 per barrel. United Airlines gained more than 4% premarket after issuing better-than-expected fourth-quarter results.
Source: https://www.investing.com/news/stock-market-news/us-stock-futures-up-after-trumpinduced-wall-st-gains-netflix-soars-on-strong-q4-3823509