The Market Brief
Hey team. Wall Street futures climb as tech stocks rally, led by Netflix surge Robust earnings and strong retail sales.
Let’s discuss Thursday’s session and see what’s next for the market!
Macro Viewpoint
Wall Street futures rose on Friday, driven by increases in Nasdaq 100 futures as technology stocks experienced broad gains. Netflix saw a significant surge following strong earnings results.
This week, robust earnings from financial firms and generally positive economic indicators propelled the Dow and the S&P 500 to new all-time highs.
In September, US retail sales exceeded expectations, showing a broad-based increase that highlights the resilience of consumer spending, which continues to fuel the economy.
These developments come on the heels of a stellar jobs report and a consumer inflation reading that surpassed estimates earlier this month, reinforcing the perspective that the economy is far from entering a recession.