Stock futures were rising Friday with Wall Street optimistic over the health of the U.S. economy and earnings reports that showed companies have been able to weather the Trump administration's shifting tariffs and trade policy. The S&P 500 and Nasdaq Composite set record highs Thursday.
These stocks were poised to make moves Friday:
Second-quarter profit at Netflix rose 46% to $3.1 billion as revenue jumped 16% to $11.08 billion with the streaming giant saying the gains were "primarily a function of more members, higher subscription pricing, and increased ad revenue." Operating margins in the period rose to 34.1% from 27.2% a year earlier. Netflix raised its revenue forecast for the year, saying it expects to post revenue of $44.8 billion to $45.2 billion, up from an earlier forecast of $43.5 billion to $44.5 billion. It raised its forecast for operating margins in 2025 to 29.5% from 29%. The stock was down 1.7% in premarket trading.
Norfolk Southern was rising 3.9% after The Wall Street Journal reported Union Pacific was holding talks to acquire its smaller railroad rival. The talks are at early-stage and there are no guarantees they will result in any deal or receive regulatory approval, people familiar with the matter told the Journal. Union Pacific rose 0.4%.
Interactive Brokers reported second-quarter adjusted earnings of 51 cents a share, topping analysts' consensus of 47 cents. The online brokerage platform said revenue rose to $1.48 billion from $1.23 billion. Commission revenue in the quarter jumped 27%. Trading volume in stocks and options rose 31% and 24%, respectively. Shares of Interactive Brokers jumped 4.2%.
Lucid Group, the maker of luxury electric vehicles, rose 1% in premarket trading after soaring 36% on Thursday to $3.12 following an announcement that it was forming a self-driving partnership with Uber Technologies and Nuro. The move Thursday was the stock's largest daily percentage increase since Jan. 27, 2023, when it rose 43%, according to Dow Jones Market Data.
Tesla, which launched a robo-taxi service on June 22, in Austin, Texas, was up 0.3% after declining 0.7% on Thursday. Coming into Friday, shares of the electric-vehicle company have declined 21% this year.
Talen Energy reached agreements to acquire two Caithness Energy combined-cycle gas-fired plants for $3.5 billion. Talen will buy Caithness Energy's Moxie Freedom Energy Center in Pennsylvania and Caithness Energy and BlackRock's Guernsey Power Station in Ohio. Both plants are located in the Pennsylvania-New Jersey-Maryland Interconnection. Talen shares jumped 15%.
Earnings reports are expected Friday from American Express, Charles Schwab, 3M, Schlumberger, Ally, and Autoliv.
Shares of American Express, the credit card company, were rising 1% in premarket trading ahead of the release of second-quarter earnings Friday.
