Futures tied to the technology-heavy Nasdaq-100 climbed Wednesday after Netflix reported its subscriber count reached a new record in the fourth quarter. Nasdaq 100 futures rose 0.9%, while S&P 500 futures gained 0.5%. Dow Jones Industrial Average futures advanced 141 points, or 0.4%. Netflix shares surged more than 10% in premarket trading. The leg up came after the streamer said it added more than 13 million subscribers in the fourth quarter, bringing its total subscriber count to an all-time high of 260.8 million. Revenue topped analysts’ estimates, as did current-quarter earnings guidance. Netflix’s subscriber increase “indicates the ongoing strength in the scaling of the ad-tier business, particularly scaling up at the end of last year, and also the momentum the company’s building and its crackdown on password sharing,” Jamie Lumley, senior analyst at Third Bridge Group, said on “Closing Bell: Overtime” on Tuesday.  The streaming giant’s gains build upon mega-cap tech’s strong gains in 2024, which have propelled the S&P 500 to record highs and confirmed a new bull market. Beyond Netflix, AT&T slipped more than 2% on lower-than-expected earnings. Dupont De Nemours tumbled more than 11% after preannouncing weak fourth-quarter results and issuing disappointing first-quarter guidance. Those moves come after the Dow pulled back 0.25% during Tuesday’s main trading session as investors tracked disappointing earnings reports and guidance from several blue-chip companies. Still, the S&P 500 gained 0.29% to reach an all-time closing high. The Nasdaq Composite added 0.43%. Earnings reports will remain a focus of traders on Tuesday, with TeslaLas Vegas Sands and IBM due after the bell. Of the more than 15% of S&P 500 companies that have reported quarterly financials thus far in the earnings season, over 70% have surpasses Wall Street expectations, according to FactSet. On the economic front, traders will be looking toward data on fourth quarter gross domestic product and the closely watched personal consumption expenditures price index expected later in the week. U.S. Treasury yields were lower Wednesday as investors brace themselves for two key pieces of economic data in the second half of the week. The yield on the benchmark 10-year Treasury note was down more than 4 points at 4.109%, and the yield on the 2-year Treasury note slipped more than 3 basis points to 4.312%. The yield on the 30-year Treasury bond lost nearly 4 basis points, at 4.34%. Hong Kong’s Hang Seng index surged 3.5% on Wednesday, powered by tech stocks as other Asia-Pacific markets mostly fell. The Hang Seng Tech index gained over 4% as Alibaba shares spiked, before paring some gains. The Chinese tech giant jumped as much as 6.57% after founder Jack Ma reportedly bought $50 million of Alibaba shares listed in Hong Kong. Mainland China’s CSI 300 rose 1.40%, extending gains from Tuesday and closing at 3,277.1. Just after the markets closed, the People’s Bank of China governor said the central bank would cut its reserve requirement ratio for financial institutions by 50 basis points from Feb. 5. In Australia, the S&P/ASX 200 inched up marginally after the announcement and ended at 7,519.2, marking four straight days of gains. Japan’s Nikkei 225 slid 0.8% to 36,226.48, extending its losses from Tuesday, while the Topix fell 0.51%, closing at 2,529.22. South Korea’s Kospi declined 0.36% to 2,469.69, with heavyweights Samsung Electronics and SK Hynix recording the largest losses among the top 10 stocks on the benchmark index. The small-cap Kosdaq also fell 0.46% to finish at 836.21. Oil prices edged lower Wednesday as U.S. gasoline stocks rose significantly, suggesting demand might be faltering in the world’s largest economy. The West Texas Intermediate futures contract for March fell 18 cents, or .24%, to $74.19 a barrel in morning trading. The Brent futures contract March lost 27 cents, or .34%, to trade at $79.28. Gold eked out gains on Wednesday due to a lower dollar, as investors awaited a deluge of economic news in the U.S. this week for more clues on the pace and scale of the Federal Reserve’s interest rate cuts. Spot gold edged up 0.1% to $2,030.01 per ounce by 10:26 GMT. U.S. gold futures rose 0.28% to $2,031.30.