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US STOCKS-Wall St futures edge up as optimism over economy offsets Netflix's fall
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US STOCKS-Wall St futures edge up as optimism over economy offsets Netflix's fall
Jul 18, 2025 3:37 AM

(For a Reuters live blog on U.S., UK and European stock

markets, click or type LIVE/ in a news window.)

*

Futures up: Dow 0.15%, S&P 500 0.14%, Nasdaq 0.14%

July 18 (Reuters) - U.S. stock index futures inched

higher on Friday, buoyed by signs of a resilient U.S. economy,

even as Netflix's ( NFLX ) market-beating quarterly profit failed to

dazzle investors.

At 5:30 a.m. ET, S&P 500 E-minis were up 8.75

points, or 0.14%, Nasdaq 100 E-minis were up 33 points,

or 0.14%, and Dow E-minis were up 66 points, or 0.15%.

Wall Street's winning streak continued overnight, with the

S&P 500 and the Nasdaq notching fresh record

closes after upbeat data on retail sales and jobless claims

signaled a healthy U.S. economy. The data gives the Federal

Reserve some breathing room to assess the inflationary effects

of U.S. tariffs.

Netflix ( NFLX ) rode the success of "Squid Game" to top

earnings estimates and boost its revenue outlook for the year.

Yet, the streaming giant's shares slipped 1.5% in premarket

trading. It has risen 43% this year.

All eyes remain on whether President Donald Trump's tariff

measures are starting to ripple through the economy. The Fed has

signaled it will stay the course on interest rates until it sees

clearer signs of how higher import taxes are shaping inflation.

Traders now put the odds of a rate cut in September at about

56.3%, with a July move nearly off the table, according to CME's

FedWatch tool.

"This week's data supports the wait-and-see camp on the Fed.

Tariffs are percolating to consumer prices but is not

withholding households from opening their wallets," said Kenneth

Broux, head of corporate research and rates, at Societe

Generale.

Federal Reserve Governor Christopher Waller signaled on

Thursday that mounting economic risks and tame inflation have

him backing an interest rate cut by this month's end,

downplaying concerns that tariffs will fuel lasting price hikes.

As the second-quarter earnings season gets underway, early

results from 36 S&P 500 companies that reported, more than 80%

have topped Wall Street's earnings expectations, according to

LSEG I/B/E/S data.

The S&P 500 and the Dow are on track for only modest

advances this week, as investors navigate a swirl of mixed

signals - robust retail sales, a spike in consumer inflation,

and a stall in producer prices for June.

Cryptocurrency stocks rose after the U.S. House of

Representatives passed a bill that would develop a regulatory

framework for cryptocurrencies.

Robinhood Markets ( HOOD ) and Coinbase Global COIN.O gained

1.9% each, while Bitfarms rose 2.8% and Hut 8 ( HUT )

advanced 1.3%.

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