Markets

Global Markets Update: Wall Street set for gains as tech earnings impress

Netflix among the US companies that reported forecast-beating earnings so far this quarter

Wall Street sign with American flags at the New York Stock Exchange in Manhattan. Picture: Getty

A number of stocks have extended their gains as an onslaught of positive earnings from technology companies reinforced the picture of a broadly robust corporate sector.

Netflix rallied to 10 per cent in premarket trading after subscriber numbers surpassed expectations, adding to the list of US companies that have reported forecast-beating earnings so far this quarter.

Futures on the Nasdaq 100 rose about 0.7 per cent, lifted by a rally across chipmakers and other tech ...