"Netflix's Earnings Impact Nasdaq 100 Futures; Tesla Slides on Musk's Comments"

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Source: CNBC
"Netflix's Earnings Impact Nasdaq 100 Futures; Tesla Slides on Musk's Comments"
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TL;DR Summary

Nasdaq 100 futures slipped 0.6% after Netflix posted its second-quarter earnings report, causing shares of the streaming giant to drop 7%. Despite this, the Dow climbed over 109 points, marking its eighth consecutive day in the green, while the S&P 500 and Nasdaq Composite also saw gains. The majority of S&P 500 companies have exceeded estimates, fueling optimism for the economy. Additionally, oil prices are rebounding due to a resilient U.S. economy and production cuts. In extended trading, Netflix, IBM, and Tesla saw their shares decline after reporting their quarterly results.

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