US Stock Futures Rise After S&P 500 Hits Record on Strong Earnings

US stock futures rose early Friday after the S&P 500 hit a record high due to strong earnings and upbeat economic data. The Nasdaq 100, Dow Jones Industrial Average, and S&P 500 futures were up 0.08%, 0.11%, and 0.13%, respectively. Strong earnings reports from PepsiCo and United Airlines helped lift investor sentiment, while Netflix dipped over 1% in after-hours trading despite beating earnings expectations. Key earnings reports from 3M, American Express, Charles Schwab, and Schlumberger are scheduled for release today.

US stock futures rose early Friday, following the S&P 500's record high, driven by strong earnings reports and upbeat economic data. The Nasdaq 100, Dow Jones Industrial Average, and S&P 500 futures were up by 0.08%, 0.11%, and 0.13%, respectively. Key drivers of this optimism include robust earnings from PepsiCo and United Airlines, while Netflix dipped over 1% in after-hours trading despite beating earnings expectations.

PepsiCo (PEP) reported quarterly earnings of $2.12 per share, surpassing the Zacks Consensus Estimate of $2.03 per share. This quarterly report represents an earnings surprise of +4.43% [3]. The company's revenue also exceeded expectations, rising to $22.73 billion, up 1.51% from the year-ago period. Despite facing softer demand for its products, PepsiCo maintained a strong performance, with organic revenue increasing by 2.1% during the quarter. The company reiterated its full-year outlook, expecting core constant currency earnings per share to remain roughly unchanged from the prior year and organic revenue to grow by a low-single digit percentage [2].

United Airlines (UAL) also contributed to the positive sentiment, though specific earnings data for the airline is not provided in the given materials. The company's strong performance, along with other positive economic indicators, likely played a role in boosting investor confidence.

Conversely, Netflix (NFLX) experienced a 1% dip in after-hours trading despite beating earnings expectations. The company's higher revenue forecast "primarily reflects the weakening of the U.S. dollar," which may have contributed to the slight decline in stock price [4]. Other key earnings reports, including those from 3M, American Express, Charles Schwab, and Schlumberger, are scheduled for release today, which could further influence market sentiment.

The S&P 500 has shown remarkable resilience and recovery, as highlighted by its record highs and the detailed analysis of its daily activity from 2018 to 2023. The index's ability to recover from market downturns underscores its long-term potential [1]. Despite daily volatility, the overall performance of the S&P 500 remains strong and worthwhile for long-term investors.

References:
[1] https://www.scantips.com/s&pcnthighs.html
[2] https://www.cnbc.com/2025/07/17/pepsico-pep-q2-2025-earnings.html
[3] https://www.nasdaq.com/articles/pepsico-pep-q2-earnings-and-revenues-top-estimates
[4] https://www.investing.com/news/stock-market-news/afterhours-movers-netflix-interactive-brokers-blacksky-and-more-432SI-4140680