Nasdaq hits new record as Netflix soars

iStock/Thinkstock(NEW YORK) — Netflix and the Nasdaq composite led U.S. stocks higher on Tuesday.

The Dow Jones Industrial Average was flat, sliding 3.79 (-0.01 percent), and finishing the session at 26,210.81.

The Nasdaq climbed 52.26 (+0.71 percent) to close at 7,460.29, while the S&P 500 finished trading at 2,839.13, up 6.16 (+0.22 percent) for the day. Both indexes hit new records.

Crude oil prices were nearly 2 percent higher and over $64 per barrel.

Winners and Losers:  Netflix led the Nasdaq with gains, soaring 9.98 percent, after announcing a surge in subscribers worldwide.

Shares of Procter & Gamble (-3.07 percent) and Johnson & Johnson (-4.26 percent) tumbled despite the consumer goods companies beating investors’ expectations in quarterly earnings reports.

Copyright © 2018, ABC Radio. All rights reserved.



Federal prosecutors investigating allegations of sex abuse against Weinstein How to save money at the pump over Memorial Day Meet the first woman to lead the NYSE in 226 years Instagram introduces mute feature to quiet down your feed without unfollowing friends Former President Barack Obama and Michelle Obama sign multiyear deal with Netflix Second sex probe confirmed, chef Mario Batali said no comeback planned