Unlocking Market Insights: Stock Futures Rise as Earnings and Economic Data Propel S&P 500 to New Heights – Live Updates!

Early Friday, stock futures showed slight gains, following positive earnings reports that helped the S&P 500 hit a record close. The S&P 500 futures rose by 0.24%, while Nasdaq 100 futures increased by 0.23%. Dow futures added 115 points, or 0.26%.

Shares of Netflix dipped over 1% in after-hours trading despite beating earnings and revenue expectations for the second quarter. The company even raised its full-year revenue forecast.

Thursday was a good day for Wall Street. The S&P 500 finished 0.5% higher, hitting a new record. The Nasdaq Composite gained about 0.7%, also setting records for both intraday and closing values. The Dow was up 0.5%.

This positive momentum is attributed to optimism about recent earnings results. Companies like PepsiCo and United Airlines saw their stocks rise after exceeding analyst forecasts. Earlier in the week, big banks like JPMorgan and Goldman Sachs reported strong earnings too.

Encouraging economic data also helped boost market confidence. Initial jobless claims dropped, and June retail sales beat expectations. Keith Lerner, co-chief investment officer at Truist, noted on CNBC that the market is still supported by growth, even as the economy shows signs of cooling.

Looking ahead, investors are waiting for more earnings reports, including those from 3M and American Express, expected before the market opens Friday. The economic focus will also be on the preliminary reading of July consumer sentiment, with economists predicting a rise to 61.8 from the previous 60.7.

Recent trends indicate investor sentiment is improving. A survey by Bankrate showed that 53% of Americans believe the economy is on the right track, while 38% disagree. This shift in outlook suggests that consumer confidence could influence market trends in the near future.

Overall, the major averages are poised for a positive week: the S&P has risen 0.6%, and the Dow is up 0.3%, but the Nasdaq stands out with a projected 1.5% gain. The market seems optimistic, grounded in solid quarterly performances and hopeful economic indicators.



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