The Nasdaq Composite index rose on Friday, led by a jump after Netflix's profit report, as Wall Street sought to close out a record-setting week.
The index led by technology stocks jumped 0.5%, while the S&P 500 rose 0.2%. The Dow Jones Industrial Average lagged behind, down 73 points, or 0.2%.
Netflix jumped 8% after the streaming giant beat Wall Street expectations on both fronts in the third quarter, while reporting a 35% increase in membership over the previous three months.
To date, more than 70 companies in the S&P 500 have reported profits. Of those, 75% have beaten expectations, according to FactSet.
The move came after gains in Travelers prompted the Dow to close Thursday at an all-time closing high. The broader S&P 500 was slightly lower despite hitting new daily highs for the session, while the tech-dominated Nasdaq Composite ended trading slightly higher.
The Dow led the week, expected to close with a 0.9% gain. The S&P 500 and Nasdaq Composite added 0.5% and 0.2% respectively for the week.
With the increase, all three indices recorded a positive path for the sixth consecutive week. This would be the longest weekly winning streak in 2024 for the Dow and the S&P 500.
