Dow Jones Industrial Average futures rose 8 points while S&P 500 futures and Nasdaq 100 futures rose 0.02% and 0.06%
The Dow Jones Industrial Average futures rose 8 points, or 0.02%, while the S&P 500 futures and Nasdaq 100 futures were up 0.02% and 0.06%, respectively.
Big money managers hoard cash, dump bonds as inflation fears
In shares, Netflix Inc. beat earnings and posted inline revenue as the company added 4.4 million users, easily exceeding estimates. The company expects to add 8.5 million customers in the current quarter.
According to a report in The Verge, Facebook Inc. will change the name of its group next week as it seeks changes following criticism from lawmakers and regulators. The new name of the social network is expected to be centered on the Metaverse, a network of 3D worlds.
United Airlines Holdings Inc. posted a narrower than expected loss as travel demand picked up despite a surge in new COVID-19 infections. The airline did not say when it expected to return to profits.
Oilfield services provider Baker Hughes Co. profited from losses a year ago as crude oil prices jumped, boosting demand for its business.
In commodities, West Texas Intermediate crude fell 96 cents to $82 a barrel, while gold jumped $10 to $1780.50 an ounce.
Foreign markets remained mostly higher.
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Germany’s DAX 30 was up 0.13% in Europe, while Britain’s FTSE 100 was down 0.06% and France’s CAC 40 was down 0.09%.
In Asia, China’s Shanghai Composite rose 0.17%, Japan’s Nikkei 225 by 0.14% and Hong Kong’s Hang Seng index rose 1.35%.