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Oracle up after Trump unveils $500 bln AI plan

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Johnson & Johnson ( JNJ ) rises after upbeat Q4 results

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Halliburton ( HAL ) gains as Q4 profit beats estimates

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Futures up: Dow 0.18%, S&P 500 0.43%, Nasdaq 0.82%

(Updates with results from Johnson & Johnson ( JNJ ), Halliburton ( HAL ))

By Johann M Cherian and Sukriti Gupta

Jan 22 (Reuters) - U.S. stock index futures rose on

Wednesday, led by those tied to the Nasdaq, as investors cheered

streaming giant Netflix's ( NFLX ) strong quarterly performance and

President Donald Trump's multi-billion dollar support to bolster

AI infrastructure.

Netflix ( NFLX ) jumped 14.9% in premarket trading after

reporting a record number of subscribers in the holiday quarter,

enabling it to increase prices for most service plans.

Other streaming companies such as Roku ( ROKU ) and Walt

Disney ( DIS ) added 4.2% and 1.3%, respectively.

"Stellar subscriber figures such as these would be hard to

beat. Netflix ( NFLX ) is seen as a litmus test for the entire tech

sector ... the tech sector could be well placed to report strong

earnings figures in the coming months," said Kathleen Brooks,

research director at XTB.

At 06:58 a.m. ET, Dow E-minis were up 83 points, or

0.18%, S&P 500 E-minis were up 26.25 points, or 0.43%

and Nasdaq 100 E-minis were up 177.75 points, or 0.82%.

Among the top movers, Oracle gained 8.7%, a day

after Trump said the company would invest $500 billion in AI

infrastructure with OpenAI and SoftBank, even though

there was no clarity on funding.

Server makers Dell and Super Micro added

4.5% and 2.6%, respectively, while AI winners Microsoft ( MSFT )

added 1% and Nvidia ( NVDA ) rose 2.7%.

"The news also boosted growth and productivity expectations

more than they fueled the ballooning debt worries," said Ipek

Ozkardeskaya, senior analyst at Swissquote Bank.

Data pointing to a strong economy amid cooling inflation and

Trump's moderate approach to tariffs have helped risk-taking

since last week, with the benchmark S&P 500 less than 1%

away from all-time highs. Stocks have also benefited from easing

Treasury yields.

However, Trump has warned that tariffs on imports from

China, Mexico, Canada and the European Union could be issued on

Feb. 1, a reminder for markets that risks of a potential trade

war and fresh inflation pressures prevailed.

Traders expect the Federal Reserve to leave interest rates

unchanged when it meets next week and expect it to deliver its

first rate cut this year in July, according to data compiled by

LSEG.

Johnson & Johnson ( JNJ ) edged up 0.2% after the drugmaker

reported fourth-quarter sales and profit above Wall Street

estimates, driven by strong sales of its cancer treatments.

GE Vernova ( GEV ) fell 2.1% after missing fourth-quarter

revenue estimates.

Halliburton ( HAL ) gained 1.2% after beating estimates for

fourth-quarter profit, helped by higher demand for oilfield

services and equipment from international markets.

United Airlines advanced 3.8% after forecasting a

stronger-than-expected profit in the current quarter, betting on

robust travel demand and improved pricing power.

(Reporting by Johann M Cherian, Purvi Agarwal and Sukriti Gupta

in Bengaluru; Editing by Maju Samuel and Arun Koyyur)