Stocks Extend Rebound on Rising Earnings Optimism: Markets Wrap
- Netflix gains in late trading after surprise subscriber growth
- BofA strategists see bottom for equities in first half of 2023
This article is for subscribers only.
Stocks continued their rebound from nearly oversold levels as traders took solace from a solid start to the corporate-earnings season even as central banks remain on hawkish footing.
After almost giving up all of its gains, the S&P 500 notched back-to-back gains to start the week. Futures extended the advance in late trading after Neflix Inc. delivered a surge in subscribers. Its shares jumped more than 13% as of 4:40 p.m. in New York. The biggest ETF that tracks the Nasdaq 100 advanced more than 1%. United Airlines Holdings Inc. climbed 7% after reporting its results.