Stock futures rise on Dow rally, Netflix earnings better than expected - Stocks News Feed

U.S Values futures rose on Tuesday after a strong rally in all three major indices during the regular trading session.

Dow Jones Industrial Average futures were up 24 points, or 0.08%. S&P 500 and Nasdaq 100 futures rose 0.22% and 0.46%, respectively. Netflix surged more than 7% in after-hours trading after saying it only lost 970,000 subscribers in the second quarterless than the 2 million it had previously projected.

Traders bet that markets have bottomed out and will be buoyed by stronger-than-expected corporate earnings. stocks higher on Tuesday, with all three major indexes trading above their 50-day moving averages for the first time since April.

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The Dow rose 754.44 points, or 2.43%, while the S&P 500 gained 2.76%. The Nasdaq Composite rose 3.11%.

Bank of America’s latest survey of professional investors showed that deteriorating investor confidence has potentially created a market buying opportunity. The US dollar, which recently rose to a 20-year high against the euro, weakened, adding further strength to the rally.

Earnings also boosted earnings, with the bank stocks What Goldman Sachs and Bank of America ending the day higher after positive results. Both banks reported Monday. Actions of halliburton Y Hasbro earned after beating earnings expectations.

“This was a broad rally today and part of it is just a lower dollar, lower commodity prices, better reopening dynamics, and we saw it across the board,” Tim Seymour, Founder and Chief Investment Officer at Seymour Asset Management, in CNBC‘s “Fast Money” Tuesday.

More earnings reports are due later in the week. Companies that include Tesla, united airlines, american airlines, Nap, Twitterry Verizon they are scheduled to report in the next few days.

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