Netflix stock (NFLX) surged, after the streaming service reported the highest-ever level of quarterly subscriber gains and said it plans to raise U.S. prices across the board. In recent premarket action,

US equity futures signaled that the strong Wall Street rally of the past two sessions remains on track, lifted by a slew of robust corporate results and signs that US tariffs on trade partners could be less harsh than feared.

Netflix, Oracle and other technology stocks are lifting U.S. indexes as their profits pile higher and excitement builds around artificial intelligence. The S&P 500 was up 0.5% early Wednesday. The Dow Jones Industrial Average rose 75 points,

The lowest-price, ad-supported option for the streaming service will cost $7.99 a month, an increase of $1.

A strong slate of recent original shows and live events is likely to have encouraged people to sign up for the streaming service.