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Dow Jones Industrial Average futures were mostly flat on Thursday night after the blue-chip average closed at a record closing level.
Futures tied to the 30-stock index rose just 11 points. S&P 500 futures and Nasdaq 100 futures rose 0.1% and 0.2%, respectively.
After-hours investors’ attention was focused on Netflix, whose stock price rose more than 4% on a post-earnings rally. The streaming giant beat Wall Street expectations on both lines in the third quarter, reporting a 35% increase in ad tier memberships compared to the previous three months.
The move comes after the Dow Jones Industrial Average closed at an all-time high Thursday due to the Travelers’ rally. Despite hitting a new intraday high during the session, the S&P 500 Composite Index fell slightly, while the technology-heavy Nasdaq Composite Index ended slightly higher.
The Dow Jones Industrial Average is expected to lead the week and end the week up 0.9%. The S&P 500 and Nasdaq Composite rose 0.5% and 0.2%, respectively, this week.
These gains mark the sixth consecutive week of positive gains for all three indexes. This is the longest weekly winning streak for both the Dow and S&P 500 in 2024.
On the economic front, investors will focus on data on housing starts and building permits on Friday. It will also monitor comments from central bank officials, including Atlanta Fed President Rafael Bostic and Minneapolis Fed President Neel Kashkari.
American Express and Procter & Gamble are among the companies reporting earnings before the bell on Friday morning.
“Earnings season is the start of the race, and although there are some signals, things are looking strong,” said Liz Young-Thomas, head of investment strategy at SoFi. “However, we are in the early stages and approaching the final days before the election and the next Fed meeting.”
