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Stock Futures Rise as Netflix, J&J Earnings Beat Forecasts

Stock futures moved higher on Tuesday as quarterly numbers from Netflix (NFLX) and Johnson & Johnson (JNJ) beat earnings estimates.

S&P 500 futures were up 0.5%, Dow Jones Industrial Average futures climbed 0.4%, and Nasdaq futures added 0.6%.

Netflix rocketed nearly 20% higher in premarket trading after blowing past subscriber growth in its third quarter and guiding for fourth-quarter earnings nearly double expectations. The streaming service reported 3.57 million subscriber additions in its recent quarter, surpassing estimates of growth of 2.3 million. Its subscriber base grew 25% on an annual basis. Netflix also guided for fourth-quarter earnings of 13 cents a share, above estimates of 7 cents.

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