economy
The Nasdaq's win streak, Netflix earnings, another AI pivot and more in Morning Squawk
Here are five key things investors need to know to start the trading day.
TL;DR
- Stock futures climbed after President Trump announced a ceasefire between Israel and Lebanon, leading to peace talks at the White House.
- The S&P 500 reached a new all-time high, and the Nasdaq Composite extended its winning streak to 12 days.
- Netflix surpassed revenue expectations, partly due to a breakup fee, but shares dropped as Chairman Reed Hastings announced he will step down from the board.
- Quantum computing stocks like IonQ and D-Wave Quantum surged, while Taiwan Semiconductor and ASML shares fell despite strong earnings.
- Social media company Myseum announced a pivot to AI agents and will change its name to Myseum.AI, causing its stock to jump.
- Health and Human Services Secretary Robert F. Kennedy Jr. signaled potential easing of restrictions on peptides, potentially benefiting companies like Hims & Hers.