Dow Jones Industrial Average futures was up 22 points after the 30-share measure hit another record high on Tuesday. Stock futures on the S&P 500 and Nasdaq were only little changed.
Investors are waiting for signs of easing the long-running trade dispute between the United States and China. The two sides are reportedly working to reach a “Phase I” agreement, with China pressing US President Donald Trump to remove further tariffs imposed in September on about $125 billion of Chinese goods coming into the United States.
Corporate earnings remain the focus of the market, with fact-finding data suggesting that 75 per cent of the S&P 500 companies that report so far exceeded analysts’ expectations. Health sectors are due to release earnings reports before the end of Wednesday’s sessions, most notably Qualcomm and Expedia.
Netflix shares have risen 23,000% since the turn of the century
If you had invested $100 at the beginning of this century in Netflix shares, you would now have over $23,000 today.
Netflix is not the only major technology company whose shares have risen at record rates. Apple has even shifted its shares from $100 to $7,416.