Big Trading Day Ends with Q4 Earnings Beats: NFLX, UAL, COF

Market Overview - Markets experienced a strong session with the Dow gaining +537 points (+1.24%), S&P 500 up +52 points (+0.88%), and Nasdaq increasing by +126 points (+0.64%) on the first full day of President Trump's second administration [1] - The Russell 2000 led all major indexes with a gain of +1.85% and is nearly +4% from the start of the year, benefiting from large tariffs that primarily affect foreign goods [2] Company Earnings Reports - Netflix: Shares rose +12% after Q4 earnings of $4.27 per share exceeded the$4.19 consensus, with revenues of $10.25 billion surpassing expectations of$10.12 billion. Subscriber growth was significant, with +18.9 million net additions compared to the projected 8.9 million [3][4] - United Airlines: Shares increased by +3.5% following a strong Q4 report, with earnings of $3.26 per share beating the$3.01 estimate and revenues of $14.7 billion exceeding expectations of$14.39 billion. Premium revenues grew by +10% [5] - Capital One: Reported Q4 earnings of $2.67 per share, slightly above expectations, with revenues of$10.19 billion modestly ahead of the $10.16 billion forecast. Loan loss provisions were lower than expected at$2.64 billion [6] Upcoming Earnings Reports - Major companies such as Johnson & Johnson and Procter & Gamble are expected to report earnings, along with GE Vernova, which is looking for its third consecutive positive surprise [7] Economic Indicators - Leading Economic Indicators (LEI) for December are anticipated to show a decline to -0.1% from +0.3% in the previous month [8]