S&P 500 futures are up 13 points after reaching a record high yesterday. Nasdaq futures have increased by 0.3%, partly due to Netflix’s 6.5% rise following better-than-expected subscriber growth. Apple shares are also up 1.8% after reports of a 20% sales increase for the iPhone 16 in China compared to the previous version.
The main US indexes are set for their sixth consecutive week of gains, marking the longest streak for the S&P 500 this year.
In contrast, shares of CVS fell 8% after the company replaced CEO Karen Lynch, with earnings guidance significantly lower than expected at $1.05-$1.10 per share, compared to a $1.69 consensus.
Attention is also on Nvidia, which reached a record high yesterday before closing lower. Its shares are up 1% in pre-market trading after Bank of America raised its price target to $195.
On the macro front, Chinese shares rose significantly today on new stimulus measures, likely benefiting growth-sensitive stocks.
