IG’s Shaun Murison returns with an iron ore trade that has been confirmed. Netflix is likely to make waves with its earnings after the close, but can it wow investors and keep its shares heading north?

(AI Video Summary)

US stock market updates

In this episode of "Beat the street", Angeline Ong delves into the cautiously optimistic US stock market ahead of Federal Reserve speakers and forthcoming earnings reports, focusing on recent strong economic data including jobless claims and home sales.

Netflix

Attention pivots to Netflix's earnings, highlighting the shift from purely subscription-based revenue to incorporating advertising. The analysis also touches on Netflix's stock trajectory and technical support levels, suggesting trading strategies based on expected share price movements.

Company and industry news

Additionally, developments in the tech sector with Micron Technology and Oracle are discussed, alongside Boeing's challenges and Alcoa's earnings miss. Furthermore, the program explores chip industry support from the US government, airline industry pressures, and a trade update on iron ore futures. The show wraps up with a look at Dow Jones futures post-jobless claims data, indicating a resilient chip sector.