US Markets

Nasdaq futures point to higher open after Netflix earnings

US stock futures move higher after government shutdown deal
US stock futures move higher after government shutdown deal

Nasdaq 100 futures rose on Tuesday after video-streaming giant Netflix reported better-than-expected subscriber growth for the fourth quarter.

The Nasdaq index was tipped to open 0.2 percent higher, while shares of Netflix spiked 10 percent higher in the premarket. Netflix also reported quarterly earnings and sales that beat expectations.

Dow Jones industrial average and S&P 500 futures traded marginally lower as earnings season continued, while the government resumed operations after a three-day shutdown.

Dow components Johnson & Johnson, Procter & Gamble and Travelers Cos. all reported better-than-expected earnings and revenue on Tuesday. Verizon, another Dow component, posted a profit that missed expectations, while sales surpassed analyst estimates.

A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Tuesday, Jan. 2, 2018.
Michael Nagle | Bloomberg | Getty Images

Texas Instruments and United Continental are among the companies scheduled to report Tuesday after the bell.

Wall Street also looked to Washington as a three-day government shutdown concluded. During Monday's session, members of the Senate managed to secure a temporary arrangement to keep the U.S. government open until February 8. The vote propelled the Dow, S&P 500 and Nasdaq composite to all-time highs.

The chamber passed a stopgap bill by a margin of 81-18. Members of the House later passed the bill, which was signed by President Donald Trump.

In data news, the Philadelphia Fed non-manufacturing survey is set to come out at 8:30 a.m. ET, followed by the Richmond Fed Survey of Manufacturing Activity at 10 a.m. ET.

Chicago Fed President Charles Evans is expected to deliver remarks at the introduction for Michael Moskow, during the Chicago Council of Global Affairs conference on "The Future of Monetary Policy: Embracing the Unconventional" in Chicago. Moskow is the vice chair at the Chicago Council on Global Affairs.

Elsewhere, oil prices edged higher, following news that the International Monetary Fund (IMF) had revised its outlook on the world economic growth upwards for this year and next.