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Stock Futures Up Despite U.K. Suicide Attack; 2 Leaders Top On Earnings

X Futures for the Dow Jones industrial average, S&P 500 index and Nasdaq 100 rose early Tuesday following a suicide bombing at an Ariana Grande concert in the U.K. that left 22 people dead and 59 injured. Several key earnings reports Tuesday may move leading sectors Tuesday morning, with Momo (MOMO) and Toll Brothers (TOL) already topping forecasts.

Stock futures, which fell slightly overnight, were modestly higher Tuesday morning. Futures for the Dow Jones industrial average were 0.2% above fair value. S&P 500 and Nasdaq 100 futures climbed nearly 0.2% higher.

In Asia trading Tuesday, Japan's Nikkei slid 0.3%. Australia's S&P/ASX 200 was down 0.2% and China's Shanghai composite dipped 0.45%. In European trade intraday, the FTSE 100 rose 0.2%, Germany's Dax 0.5% and France's CAC-40 0.7%.

During Monday's session, the Nasdaq composite rose 0.8% in stock market trading, moving within 1% of a new record high. The S&P 500 index and Dow Jones industrial average both regained their 50-day moving averages, climbing 0.5% and 0.4%, respectively.

Netflix (NFLX) celebrated its 15th anniversary as a public company on Monday. That followed a 20-year IPO anniversary for Amazon.com (AMZN) and a five-year anniversary for Facebook (FB) earlier this month. (Google parent Alphabet (GOOGL) came public in August 2004.)

Looking ahead to Tuesday, hot Chinese internet stock Momo, video game maker Take-Two Interactive Software (TTWO) and luxury builder Toll Brothers are due to report earnings before the opening bell.

Momo advanced 1.4% to 43.42, paring initial gains in early trading after crushing Q1 views. Toll Bros. reported better-than-expected Q2 EPS and sales growth, sending its shares up 2.55% to 39.

All three leading stocks are extended from proper buy points, but Momo and Toll results could affect related stocks such as NetEase (NTES) and Lennar (LEN) that are consolidating near buy points.

Meanwhile, Take-Two Interactive shares tumbled 8% in early trading after its Rockstar Games label confirmed late Monday that the release of "Red Dead Redemption 2" would be delayed from this fall to Spring 2018.

Netflix

Netflix came public on May 22, 2002. The IPO price was 15 (1.07 split adjusted). Since then shares have skyrocketed 14,568%.

Much as Facebook had a costly, expensive shift to mobile, Netflix transitioned from its DVD-by-mail origins to streaming, which substantially raised content costs. But booming subscriber growth, including a near-global expansion, and more homegrown content have offset that.

Increasingly, Netflix is seen as a "necessity" rather than a luxury. Even as Amazon Prime Video and Hulu have become more-viable rivals, many Americans are signing up for multiple streaming services, rather than picking just one.

Netflix has made a big bet on exclusive comedy specials in 2017. Some analysts have speculated that Netflix could decide to expand into exclusive sports content. Facebook, Amazon and Twitter (TWTR) have ventured more into sports (Facebook has begun live-streaming a Major League Baseball game every Friday, with Amazon recently getting the rights to the NFL's "Thursday Night Football," taking over from Twitter.)

Netflix shares rose 0.1% to 157.16 in Monday stock market trading, up 27% so far in 2017. The stock hit a record high of 161.78 on May 15.

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