Nasdaq, S&P at record highs, Netflix surges

Darnell Taylor
January 26, 2018

Netflix spiked 10% after reporting strong subscriber growth and better than expected Q4 sales; shares have surged 30% YTD, as the tech sector (+0.6%) continues to lead the major indexes higher.

Stocks closed mostly higher, with the S&P and Nasdaq again setting new records but the Dow finishing flat following the latest batch of corporate earnings. Although it's only been a little more than a week, quarterly earnings have been very positive this earnings season.

Technology and consumer-focused companies led USA stocks to more records Tuesday.

FILE PHOTO: Traders work on the floor of the New York Stock Exchange, (NYSE) in New York, U.S., January 8, 2018.

The Nasdaq finished 0.7 percent higher at 7,460.29.

February's free Games with Gold for Xbox One and Xbox 360
This means that when " Sea of Thieves " launches on March 20th 2018, it will be included on Xbox Game Pass for all members. It received mixed to average reviews with the general consensus being that the game is fun, but has some setbacks.

Johnson & Johnson declined 3.91%, dragged down by a $13.6-billion charge related to the new USA tax law and a court ruling on a crucial patent on its blockbuster rheumatoid arthritis drug Remicade.

USA solar power companies and Whirlpool rose after President Donald Trump approved tariffs on imported solar-energy and washing machine components.

The blue chip Dow Jones Industrial Average also reached an intraday record, however, it was unable to sustain the gains and turned lower for the session. Johnson & Johnson, Procter & Gamble and Travelers Cos. all reported better-than-expected earnings and revenue on Tuesday.

Advancing issues outnumbered declining ones on the NYSE by a 1.60-to-1 ratio; on Nasdaq, a 1.28-to-1 ratio favored advancers.

In Toronto, the TSX is down 1.47 at 16,346.

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