What to expect next week; American Express, Netflix, Bitcoin
Stock futures remained steady Friday morning after both the S&P 500 and Nasdaq reached new record highs, while the Dow Jones came within 1% of its own all-time peak. Key market updates include Netflix’s earnings, crypto legislation progress, a major railroad merger rumor, and strong results from American Express.
Keypoints:
- Major U.S. indexes continued their upward trend, with tech stocks leading the rally.
- Netflix reported strong earnings and raised its revenue forecast, but shares dipped.
- Bitcoin remained steady while Ether surged after U.S. crypto legislation advanced.
- American Express posted better-than-expected earnings and revenue.
- Norfolk Southern shares jumped on early-stage merger talks with Union Pacific.
- The Trade Desk (TTD) officially joins the S&P 500 today.
U.S. stock futures remained flat after a strong tech-driven rally pushed the S&P 500 and Nasdaq to all-time highs.
Netflix Reports Impressive Earnings and Raises Outlook, But Warns of Higher Future Expenses
Despite strong results and a boosted revenue forecast, Netflix shares slipped due to concerns over rising costs and lower margins.
Bitcoin Stays Flat While Ether Surges After House Approves Key Cryptocurrency Legislation
Crypto markets reacted to U.S. legislative progress, with bitcoin holding steady and ether climbing on renewed investor optimism.
American Express Earnings and Revenue Surpass Expectations Thanks to Record Consumer Spending AmEx saw strong growth across the board, driven by increased card usage and higher interest income from customers.
Norfolk Southern Stock Climbs on Reports of Possible Merger With Union Pacific Railroad
Early-stage acquisition talks between two major rail operators raise expectations of the largest U.S. rail merger to date.
Earlier this week; What’s moving markets; EU, Mexico tariffs, China trade, Bitcoin