US stock futures rise after Trump-induced Wall St gains; Netflix rises on strong fourth quarter Investing.com
Investing.com– U.S. stock futures rose on Tuesday evening after gains on Wall Street as investors gauged the policies of incoming President Donald Trump, while Netflix shares rose after the bell on strong results.
gained 0.2% to 6,096.25 points, while rising 0.5% to 21,810.35 points by 18:58 ET (23:58 GMT). they were mostly unchanged at 44,238.0 points.
Markets are upbeat as Trump avoids imposing tariffs on day one
On January 20, Trump was inaugurated as the 45th president of the United States, marking the beginning of a new administration that promised significant political changes.
In his inaugural address, Trump emphasized his vision of restoring American greatness, focusing on the themes of economic revitalization, national security, and a shift away from globalization in favor of prioritizing domestic interests.
Immediately after taking office, President Trump began issuing a series of executive orders that underscored his campaign promises.
Markets were positive as Trump avoided imposing blanket tariffs on the first day, although he said he was considering it.
Among several other orders, he created the so-called Department of Government Efficiency to be run by Tesla (NASDAQ: ) (NASDAQ:TSLA) CEO Elon Musk.
Netflix is growing thanks to strong results in the fourth quarter
Shares of Netflix Inc (NASDAQ: ) rose more than 14% in extended trading to $993.99 after the company reported a record 19 million new subscribers in the fourth quarter of 2024, far beating Wall Street expectations.
Subscription growth was driven by a series of blockbuster content releases, including critically acclaimed new seasons and original movies, as well as the introduction of regionally tailored programming that resonated with a diverse global audience.
Quarterly revenue rose to $9.5 billion, up 8% year-over-year, while net income was $915 million, reflecting growth of 12%.
Netflix also announced plans to raise prices for most subscription tiers in the US, Canada, Portugal and Argentina, citing increased investment in programming.
Wall Street ends up rising on Trump optimism
Analysts expect short-term volatility to persist due to Trump’s policies, but expect his first year in office to see a stock market rebound.
The rose 1.2% to 44,025.81 points, climbed 0.9% to 6,049.24 points, while gaining 0.6% to 19,756.7.
In other news, President Trump unveiled a $500 billion joint venture called Stargate, which includes OpenAI, Oracle Corporation (NYSE: ), SoftBank Group Corp . (TYO:), Microsoft Corporation (NASDAQ:), NVIDIA Corporation (NASDAQ:) and other technology leaders.
The goal of the collaboration is to build large-scale AI data centers and power generation facilities in Texas over the next four years, significantly strengthening the nation’s AI capabilities.
Oracle closed up 7.7%, while shares of Microsoft and Nvidia rose in extended trading.
On Wednesday, GE Vernova LLC (NYSE:), from which the energy division was spun off General Electric (NYSE: ), is due to announce its quarterly earnings.
Johnson & Johnson (NYSE: ) and Procter & Gamble Company (NYSE: ) are scheduled to report results on Wednesday.
