S&P 500, Nasdaq end at records as Netflix shares jump 10%

Tech and consumer-focused companies lead stocks higher Netflix leaps

Tech and consumer-focused companies lead stocks higher Netflix leaps

The blue chip Dow Jones Industrial Average also reached an intraday record, however, it was unable to sustain the gains and turned lower for the session.

Some investors are eyeing a pullback in stocks for a market that is "overbought on a short-term basis", said Briefing.com analyst Patrick O'Hare, but he added that there is reason to question that outcome.

The S&P 500 is up 28.83 points, or 1 percent.

In Toronto, the TSX is up over 17 points at 16,365. Of the 68 companies in the benchmark index that have posted results, 76.5 percent have topped Wall Street expectations.

Wall Street was mixed, though trading near record highs, as a rally in shares of Netflix following better-than-expected earnings offset slides in shares of Johnson & Johnson Procter & Gamble as their results disappointed.

The S&P 500 is up 165.52 points, or 6.2 percent.

More news: Puerto Rico set to privatize electric utility
More news: Trump Could Soon Face Questioning About Comey's Firing In Russia Probe
More news: Bizarre: American Man Arrested For Biting Police Dog

Advancing issues outnumbered declining ones on the NYSE by a 1.60-to-1 ratio; on Nasdaq, a 1.28-to-1 ratio favored advancers.

The Nasdaq is up 556.90 points, or 8.1 percent. Investment banker Needham upgraded the stock to "hold" from "underperform".

About 30 minutes into trading, the Dow Jones Industrial Average was at 26,186.32, down 0.1 percent, the S&P 500 was up slightly at 2,833.79, while the tech-rich Nasdaq Composite Index gained 0.3 percent to 7,426.94.

The Dow is up 139.09 points, or 0.5 percent.

The major US stock indexes are in the midst of an earnings driven bull market and I see nothing that can derail the 18 month rally.

Recommended News

  • Swiss church mummy 'is Boris Johnson's ancestor'

    Swiss church mummy 'is Boris Johnson's ancestor'

    Local historians knew that members of Basel's wealthy families were buried in and around the Barfüsser Church. According to the BBC , Bischoff's identity has been established by scientists with 99.8% certainty.
    Aamir Khan New Movie 'Secret Superstar' Opens in China

    Aamir Khan New Movie 'Secret Superstar' Opens in China

    The film is doing blockbuster earnings there even Secret Superstar is getting the much better response than Dangal . MIND-BOGGLING indeed.Friday $ 6.88 mn Sat $ 10.50 mn Sun $ 9.84 mn Total: "$ 27.22 million [Rs 174.10 cr]".

    Activision Blizzard, Inc. (ATVI)- Hot Watch List After Analysts Reviews

    Masters Capital Management Llc bought 1.47 million shares as the company's stock declined 6.00% while stock markets rallied. Wall Street is only getting more bullish on the stock, with 21 of analysts who cover ATVI having a buy-equivalent rating.
  • Trump signs safeguard measures against imported washers, solar cells

    Trump signs safeguard measures against imported washers, solar cells

    South Korea plans to file a complaint with the WTO over the move to impose tariffs, Kim said at a meeting with industry officials. International Trade Commission determined no damage exists to U.S. industry as a effect of imports of Mexican washing machines.
    Turmeric may help boost memory, lower Alzheimers risk

    Turmeric may help boost memory, lower Alzheimers risk

    They were all given verbal and visual memory tests to test how effective the Theracurmin was in increasing memory and attention. The researchers have initiated a follow-up study with a larger number of 132 people (aged 50-90).
    Nintendo axes Miitomo, its first smartphone recreation

    Nintendo axes Miitomo, its first smartphone recreation

    You can keep Sidekick Mii characters by saving them as a QR Code® before the end of service on 5/9/2018 12:00 AM (PDT). It wasn't quite a hurricane, but Miitomo started strongly and the app had a lot of hype around it.
  • Facebook weeds out 'untrustworthy' publications with split question news survey

    Facebook weeds out 'untrustworthy' publications with split question news survey

    Thus, one of the major new News Feed "values" is that stories appearing in anyone's News Feed should be informative. Needless to say any publisher falling foul of the mob is likely to see their traffic take a sizeable hit.

    Trump to 'meet' Mueller over Russian meddling probe

    One person said that Mueller's team has asked about Trump's private comments around key events and how he explained decisions. He suggested when asked by a reporter that it could happen "in two or three weeks". "There has been no collusion whatsoever.
    Donald Trump set to be interviewed under oath over Russia-US claims

    Donald Trump set to be interviewed under oath over Russia-US claims

    Mueller's team is reportedly preparing to interview Trump's ex-chief strategist Stephen Bannon in the next week. Mueller's appointment to take over the FBI's Russian Federation investigation.
  • Australian Open: Idol Kim powers Elise's dreams

    Australian Open: Idol Kim powers Elise's dreams

    She struggled to accept the idea of a long rally against Wozniacki and raced through the ball hoping to go for her shots. The Dane says she never gave up on herself or her Grand Slam title dream after beating Elise Mertens in the semi-final.
    Crystal Dynamics Assembles Industry Talent for The Avengers Project

    Crystal Dynamics Assembles Industry Talent for The Avengers Project

    It's a stellar addition of many people who fit incredibly well into our wheelhouse of building game experiences we all love". Finally, Crystal Dynamics co-studio heads Scot Amos , and Ron Rosenberg had a few things to say about the unrevealed title.
    'PlayerUnknown's Battlegrounds' experiments with changes to the blue zone

    'PlayerUnknown's Battlegrounds' experiments with changes to the blue zone

    The update is now being trialed through the Test Server, with a Live Server launch scheduled for later today. Once changes on the test servers are evaluated to be stable, the update will rolled out to the live servers.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.