Dow futures tick higher, Netflix surges on record subscribers

Investing.com -US stock futures weretrading higher during Wednesday's ervening deals, after major benchmark indices posted a mixed session that saw the S&P 500 extended record high valuations.

By 6:45 pm ET (11:45 pm GMT) Dow Jones Futures added 0.1% while S&P 500 Futures and Nasdaq 100 Futures gained 0.2% apiece.

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In extended deals, Netflix Inc (NASDAQ:NFLX) skyrocketed by 8% after the company reported over 13 million new subscribers in the fourth quarter, pushing its total subscriber count to a record 260.8 million. EPS came in at $2.11 versus $2.21 expected, with revenue coming in at $8.83 billion versus $8.72 billion expected.

The impressive performance of the streaming titan adds to the robust gains of large tech companies in 2024, driving the S&P 500 to record highs and signaling the onset of a new bull market.

In contrast, Texas Instruments Incorporated (NASDAQ:TXN) dipped following the release of its Q4 results. The company reported EPS of $1.49 versus $1.47 expected, on revenues of $4.08 billion versus $4.12 billion expected.

Despite the Dow pulling back by 0.25% during Tuesday's main trading session due to several blue-chip companies reporting disappointing earnings and guidance, the S&P 500 managed to gain 0.29% to reach an all-time closing high. The Nasdaq Composite also increased by 0.43%.

Looking ahead, traders will be turning their attention to U.S. manufacturing and services data for January, as well as the release of the fourth quarter gross domestic product later this week.

On the bond markets, United States 10-Year rates were at 4.133%.