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.



Trump’s tariffs make lumber more expensive as California recovers from wildfires Facebook facelift: How to clean up your social profile to help you get a job US government buying $50 million of milk from dairy farmers Southwest Airlines announces new rules for emotional support animals As drought lingers, Texas ranchers opt to reduce their herds Fifty thousand passengers across Europe expected to be affected by employee strike against Ryanair