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S&P 500, Nasdaq Higher Amid Netflix Rally
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S&P 500, Nasdaq Higher Amid Netflix Rally
Oct 18, 2024 1:24 PM

03:49 PM EDT, 10/18/2024 (MT Newswires) -- US benchmark equity indexes were mostly higher ahead of Friday's close, aided by a post-earnings rally in Netflix ( NFLX ) shares.

The Nasdaq Composite was up 0.6% at 18,485.9, while the S&P 500 rose 0.3% to 5,861.7. The Dow Jones Industrial Average was little changed at 43,247.1. Communication services led the gainers among sectors, while energy saw the steepest decline.

Netflix ( NFLX ) shares jumped after the streaming giant late Thursday logged higher-than-expected third-quarter financial results and as its new subscriber count surpassed Wall Street's estimates.

The US 10-year yield fell 2.1 basis points to 4.08%, while the two-year rate lost 4.1 basis points to 3.95%.

West Texas Intermediate crude oil fell 1.8% to $69.40 a barrel.

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