US stocks fluctuated on Friday, hovering near record highs as signs of strength in the economy provided the buoyancy that Netflix's (NFLX) earnings report lacked. The S&P 500 and Nasdaq trimmed early gains after the University of Michigan consumer sentiment survey showed one-year inflation expectations plunging to 4.

Netflix beats estimates with strong content, FX tailwinds, and raised guidance, while its ads business remains critical for growth. See why NFLX is rated a BUY.

Key Takeaways The S&P 500 finished essentially unchanged 0.1% on Friday, July 18, 2025, with strong consumer sentiment data pointing to waning tariff worries.Invesco shares soared after the asset manager petitioned shareholders to reclassify theInvesco QQQ Trust as an open-ended fund.

Dow Jones futures rose slightly early Friday, along with S&P 500 futures and Nasdaq futures. NetflixNFLX, online brokers Interactive BrokersIBKR and Charles SchwabSCHW reported overnight, along with Dow components 3MMMM and American ExpressAXP.

US stocks start up on earnings reports and before a consumer sentiment survey that'll show if consumers are feeling the weight of Trump's tariffs.

U.S. stock futures climbed modestly on Friday as investors monitored earnings updates and awaited key economic data. Netflix (NASDAQ:NFLX) reported stronger-than-expected quarterly results but shares dipped after analysts noted the figures didn’t fully meet lofty expectations.

Futures on the Dow Jones Industrial Average and other major indexes traded modestly higher Friday after the S&P 500 and Nasdaq rallied to new highs Thursday. Meanwhile, Netflix NFLX sold off on the stock market today despite reporting strong earnings results.

Netflix kicks off the second-quarter cycle of media and tech earnings reports on Thursday with its after-market disclosure that is expected to deliver a solid if not spectacular quarter. The forecast for Netflix is the top story in today’s episode of “Daily Variety,