Dow set to surge 200 points, Netflix jumps on earnings – CNBC

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U.S. stock index futures rose sharply ahead of Tuesday’s open, as investors braced for a wave of fresh corporate earnings.

Around 7:30 a.m. ET, Dow Jones industrial average futures rose 177 points, indicating an uptick of 200.96 points at the open. Nasdaq 100 and the S&P 500 futures indicated a positive start to Tuesday’s session for their respective markets.

Netflix was the biggest mover in the S&P 500 before the bell, rising nearly 7 percent after reporting in-line quarterly earnings and higher-than-expected subscriber growth.

Johnson & Johnson, a Dow component, rose 0.8 percent in the premarket after the company reported better-than-expected quarterly earnings.

Earnings season continues on Tuesday with Goldman Sachs and IBM among the companies scheduled to report.

The moves in premarket trade come after a strong Wall Street finish on Monday, with the Dow Jones industrial average closing up more than 200 points. U.S. markets received a boost Monday, as fears of an escalating conflict in Syria eased temporarily.

Last weekend, the U.S. military conducted missile strikes against the Syrian government, in response to a suspected chemical attack that took place in the Middle Eastern country. The strike carried out by the U.S. was done in collaboration with Britain and France. Consequently, geopolitics and tensions in the Middle East remain at the forefront of investors’ minds.

On the economic data front, housing starts and a business leaders survey are both scheduled to be published at 8:30 a.m. ET, followed by industrial production at 9:15 a.m. ET.

In central banking news, a slew of speeches by U.S. Federal Reserve members are scheduled. In Spain’s capital of Madrid, San Francisco Fed President John Williams will be at the NABE Bank of Spain International Symposium. Meantime in the States, Philadelphia Fed President Patrick Harker will be speaking at Saint Joseph’s University in Philadelphia, while Chicago Fed President Charles Evans will be at the Chicago Rotary Club Luncheon.

Last but not least, Fed Governor Randal Quarles is set to appear before the House Financial Services Committee for the semiannual testimony of the Fed’s plans for supervision and regulation of the financial system.

Elsewhere, President Donald Trump will be hosting a two-day official working visit for Japanese Prime Minister Shinzo Abe in Florida, where the two leaders are expected to talk about peace and stability in the Indo-Pacific region, trade and investment ties.

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