Tesla to report, Netflix's strong subscriber sign-ups - what's moving markets
Investing.com — U.S. futures edge up on Wednesday, pointing to ongoing momentum in a recent rally in equities. Tesla's (NASDAQ:TSLA) plans for a next-generation vehicle will be in the spotlight when the electric carmaker reports its latest results after the bell, while Netflix's (NASDAQ:NFLX) shares pop premarket after the streaming giant posts better-than-anticipated fourth-quarter subscriber sign-ups. Elsewhere, Donald Trump notches a key win in the New Hampshire Republican primary, putting him well on the way to securing the GOP's nod for president.
1. Futures inch higher
U.S. stock futures ticked into the green on Wednesday after the benchmark S&P 500 closed at a record high for the third consecutive session.
By 05:00 ET (10:00 GMT), the S&P 500 futures contract had added 22 points or 0.4%, Nasdaq 100 futures had gained 130 points or 0.8%, and Dow futures rose by 59 points or 0.2%.
Despite a 0.3% climb in the S&P 500 on Tuesday, the main averages were mixed. The tech-heavy Nasdaq Composite jumped by 0.4%, while the 30-stock Dow Jones Industrial Average slipped by 0.3%.
Investors are keeping an eye on both an accelerating series of corporate earnings and a string of fresh U.S. economic data this week. Hopes remain that the world's largest economy is approaching a «soft landing,» a scenario in which elevated interest rates cools inflation without fueling a slump in broader growth.
Along with a bevy of company results (see below), traders will also get a chance to parse through S&P Global's U.S. composite purchasing managers' index for January, which aims to measure activity in the key manufacturing and services sectors.
2. Tesla earnings ahead
Tesla is set to headline the list of big-name businesses unveiling their
Read more on investing.com
