Dow and S&P hit new record highs boosted by strong Netflix earnings and tech stocks

From Google News: 2024-10-18 18:55:47

The Dow and S&P closed at new record highs, boosted by strong Netflix earnings and tech stocks. The Dow Jones Industrial Average rose by 0.40%, while the S&P 500 gained 0.47%. Netflix shares surged by 16.85% after reporting better-than-expected subscriber growth. Tech stocks, including Apple and Amazon, also posted gains. The positive performance of these companies offset concerns about rising COVID-19 cases and inflation fears. The Nasdaq Composite closed slightly lower due to a drop in Tesla shares. Overall, investors were optimistic about the ongoing economic recovery.



Read more at Google News: Dow and S&P end at fresh record highs, lifted by Netflix earnings and tech stocks – Reuters