(For a Reuters live blog on U.S., UK and European stock

markets, click LIVE/ or type LIVE/ in a news window)

*

Indexes: Dow down 0.09%, S&P 500 up 0.22% Nasdaq up 0.25%

*

Netflix ( NFLX ) raises 2025 revenue guidance but shares fall

*

Crypto stocks up as House passes stablecoin legislation

*

Hess gains as Chevron ( CVX ) wins Exxon Guyana legal battle

(Updates with market-open prices)

By Pranav Kashyap and Nikhil Sharma

July 18 (Reuters) -

The S&P 500 and the Nasdaq edged to another all-time high on

Friday, building on the previous day's record run as strong

economic data and earnings reports painted a picture of a

resilient U.S. economy.

The University of Michigan's Consumer Sentiment Index

rose to 61.8 this month from a final reading of 60.7 in June.

Economists polled by Reuters had forecast the index

rising to 61.5.

At 10:01 a.m. ET, the Dow Jones Industrial Average

fell 39.49 points, or 0.09%, to 44,445.00, the S&P 500

gained 13.97 points, or 0.22%, to 6,311.33 and the Nasdaq

Composite gained 52.84 points, or 0.25%, to 20,938.49.

On Thursday, the two indexes ended at record levels, thanks

to upbeat retail sales and jobless claims, signaling a healthy

U.S. economy and giving the Federal Reserve room to pause and

watch for tariff-driven inflation.

Ten of 11 S&P sectors were on the rise, led by utilities

, which jumped 1.7% to an all-time high. Meanwhile,

Tesla shares jumped 3.4% to boost the main index.

Netflix ( NFLX ) dropped 4.5% despite the success of "Squid

Game" helping it surpass earnings forecasts. The streaming

giants also lifted its annual revenue outlook.

Similarly, American Express ( AXP ) outpaced second-quarter

profit estimates, buoyed by strong spending from its affluent

cardholders. However, its shares were down 2.6%.

Brokerage firm Charles Schwab ( SCHW ) gained 3.4% after

its profit rose nearly 60% in the second quarter.

The S&P 500 and the Nasdaq were on track to end the week on

a positive note, while the Dow looked largely flat for the week

so far.

With the August 1 tariff deadline looming, uncertainty over

President Donald Trump's trade policy also lingered in the

background.

Adding to the jitters, reports of a possible ouster of Fed

Chair Jerome Powell briefly rattled markets, though Trump was

quick to shoot down those reports.

Amid growing criticism by Trump of Powell over the

reluctance to cut interest rates, Fed Governor Chris Waller said

he would accept the job as Fed chair if asked by the president.

"It's a bit of everything. Mixed economic data, tariffs,

Trump criticizing Powell creating a bit of confusion and

therefore a lack of direction in markets," said Daniela Hathorn,

senior market analyst at Capital.com.

Against this backdrop, traders now see a 56% chance of a

Federal Reserve rate cut in September, while a July move is all

but off the table, according to CME's FedWatch tool.

As the second-quarter earnings season gets underway, early

results from 59 S&P 500 companies that reported showed more than

81.4% have topped Wall Street's earnings expectations, according

to LSEG I/B/E/S data.

Cryptocurrency stocks rose after the U.S. House of

Representatives passed a bill that would develop a regulatory

framework for cryptocurrencies.

Robinhood Markets ( HOOD ) and Coinbase Global ( COIN )

gained 4.7% and 6.4%, respectively.

Chevron ( CVX ) closed its $55 billion acquisition of Hess

after winning a landmark legal battle against larger

rival Exxon Mobil ( XOM ). Hess jumped 7.6% in early trading.

Advancing issues outnumbered decliners by a 2.52-to-1

ratio on the NYSE, and by a 1.9-to-1 ratio on the Nasdaq.

The S&P 500 posted 36 new 52-week highs and three new

lows, while the Nasdaq Composite recorded 74 new highs and 17

new lows.