SwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

New records on Wall Street – Netflix drives ahead

» Published: 18 October 2024

New records on Wall Street – Netflix drives ahead
Photo: Peter Morgan/AP/TT

The trading week on Wall Street ended on Friday with new index records. Netflix acted as a locomotive and surged 11 percent.

The Dow Jones industrial index closed up 0.1 percent, the S&P 500 index rose 0.4 percent, and the Nasdaq composite index went up 0.6 percent. Friday's figures mark new record levels for the two former and mean that the New York Stock Exchange has risen for six weeks in a row.

Streaming giant Netflix published its report for the third quarter just after the close on Thursday.

That the company exceeded market expectations – the number of subscribers increased by 35 percent compared to three months earlier – was clearly visible during Friday's trading and at the close, the share had surged 11 percent. Over the past year, the company's share has now risen by 120 percent.

At the other end, pharmacy chain CVS fell by over 5 percent. This followed the news that the company's CEO will be leaving.

Tags
TTT
By TTThis article has been altered and translated by Sweden Herald

More news

Increased sales during Black Week
1 MIN READ

Increased sales during Black Week

Large increase in counterfeit goods in the EU
1 MIN READ

Large increase in counterfeit goods in the EU

SBAB lowers mortgage rate
1 MIN READ

SBAB lowers mortgage rate

Weak growth for retail trade
1 MIN READ

Weak growth for retail trade

Swedish growth weak – but better than expected
1 MIN READ

Swedish growth weak – but better than expected

Stockholm Stock Exchange Opens on Minus
1 MIN READ

Stockholm Stock Exchange Opens on Minus

Google accused of "illegal methods" - sued
1 MIN READ

Google accused of "illegal methods" - sued

Coffee at a record high price - how to avoid the price shock
2 MIN READ

Coffee at a record high price - how to avoid the price shock

Small investors sold Tesla shares after Trump's victory
1 MIN READ

Small investors sold Tesla shares after Trump's victory

Upwards in China after Stimulus Rumors
1 MIN READ

Upwards in China after Stimulus Rumors

Putin on the Ruble's Plunge: No Panic
1 MIN READ

Putin on the Ruble's Plunge: No Panic

The CSN loan becomes this much more expensive
1 MIN READ

The CSN loan becomes this much more expensive

Higher Inflation in Germany
1 MIN READ

Higher Inflation in Germany

"China's Window to Sweden" gets new owner
1 MIN READ

"China's Window to Sweden" gets new owner

SAS launches new long-haul route
1 MIN READ

SAS launches new long-haul route

Busch in Brussels: Support for European Batteries
2 MIN READ

Busch in Brussels: Support for European Batteries

So much lower will the ISK tax be next year
2 MIN READ

So much lower will the ISK tax be next year

Deficit in the State Budget Next Year
1 MIN READ

Deficit in the State Budget Next Year

Greater optimism among Swedish households
1 MIN READ

Greater optimism among Swedish households

Handelsbanken tops the buoyant stock market
1 MIN READ

Handelsbanken tops the buoyant stock market