Oddbean

Nasdaq Advances On Netflix Earnings, Dow Inches Up To Record High ========== On October 18, 2024, the Nasdaq rose by 115.94 points (0.6%) to 18,489.55, while the S&P 500 increased by 23.20 points (0.4%) to 5,864.67, both reaching record highs. The Dow gained 36.86 points (0.1%) to close at 43,275.91, marking a new record. Netflix's shares surged by 11.1% following strong Q3 earnings that exceeded analyst expectations. The Dow's gains were limited by a 3.2% drop in American Express shares, despite the company reporting better-than-expected earnings. U.S. housing starts fell by 0.5% in September to an annual rate of 1.354 million, while building permits dropped by 2.9%. Gold stocks rose significantly, with the NYSE Arca Gold Bugs Index up 4.8%. Airline stocks also saw a 3.0% increase. In overseas markets, Japan's Nikkei 225 rose 0.2%, China's Shanghai Composite surged 2.9%, and Hong Kong's Hang Seng spiked 3.6%. The yield on the benchmark ten-year note fell to 4.073%. Upcoming economic data on durable goods and home sales is anticipated to influence next week's trading. #Nasdaq #Dow #Netflix #AmericanExpress #HousingStarts #GoldStocks #AirlineStocks #EconomicData #StockMarket #RecordHigh https://www.rttnews.com/3482525/nasdaq-advances-on-netflix-earnings-dow-inches-up-to-record-high.aspx