Stock market today: Nasdaq, S&P 500 step higher as Netflix jumps after earnings beat

Published On Oct 18, 2024, 9:31 AM

The stock market saw gains today, particularly in the tech sector, driven by strong earnings from Netflix, which exceeded analysts' expectations. The Nasdaq Composite rose approximately 0.5%, while the S&P 500 increased by about 0.3%. Conversely, the Dow Jones Industrial Average fell slightly by 0.1%. Netflix's stock surged over 9% in response to its positive earnings report, which included impressive growth in subscribers and revenue. This performance aligns with a broader optimism for upcoming corporate earnings from major tech companies. Additionally, Chinese stocks rebounded, boosting shares of technology firms like Alibaba and JD.com. Gold prices also reached a record high, exceeding $2,700 an ounce, amid geopolitical tensions and concerns over the US election.