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Nasdaq-100 futures rise after Netflix posts subscriber jump: Live updates

Posted on AllSides January 24th, 2024
From The Center
Banking and Finance, Stock Market, NASDAQ, Business, Netflix
Michael M. Santiago | Getty Images News | Getty Images

Futures tied to the technology-heavy Nasdaq-100 climbed Wednesday after Netflix reported its subscriber count reached a new record in the fourth quarter. 

Nasdaq 100 futures rose 0.6%, while S&P 500 futures gained 0.4%. Dow Jones Industrial Average futures advanced 87 points, or 0.2%.

Netflix shares surged 10% in premarket trading. The leg up came after the streaming company said it added more than 13 million subscribers in the fourth quarter, bringing its total subscriber count to an all-time high of 260.8 million. Revenue topped analysts’ estimates, as did current-quarter earnings guidance.

Netflix’s subscriber increase “indicates the ongoing...

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