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Netflix Rally Boosts S&P 500, Nasdaq

MT Newswires Live2025-01-23

US benchmark equity indexes were higher ahead of Wednesday's close, with the S&P 500 and the Nasdaq Composite getting a boost from a post-earnings rally in Netflix (NFLX) shares.

The technology-heavy Nasdaq jumped 1.3% to 20,006.9, while the S&P 500 rose 0.7% to 6,089.7. The Dow Jones Industrial Average increased 0.3% to 44,164.8. Among sectors, only tech and communication services were higher, while utilities and real estate saw the biggest drops.

Netflix's shares surged after the streaming giant late Tuesday reported Q4 financial results that exceeded Wall Street's estimates as it reported a record addition of new subscribers.

The US 10-year yield was up 2.7 basis points at 4.60%, while the two-year rate rose 1.2 basis points to 4.29%.

West Texas Intermediate crude oil fell 0.5% to $75.47 a barrel.

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