|Day's Range||26,143.90 - 26,246.19|
|52 Week Range||19,784.77 - 26,246.19|
Stocks trading in range as the Nasdaq and tech outperforms
If you’re currently sitting on the sidelines holding cash as the stock market heads to fresh records, you may be making a big mistake.
World stock markets rose on Tuesday, with the S&P 500 getting a lift from upbeat earnings from companies such as Netflix, while the U.S. dollar slipped to a three-year low against a basket of major currencies. In U.S. stocks, Netflix closed up 10.0 percent and hit a record high after the video-streaming pioneer beat Wall Street targets for new subscribers in the fourth quarter. The majority of S&P 500 results so far this earnings season have been stronger than expected.
The S&P 500 and the Nasdaq end at fresh records Tuesday as a spate of upbeat earnings bolsters sentiment even as the Dow edged lower.
U.S. stocks advanced on Tuesday, as strong results from Netflix helped lift the S&P and Nasdaq Composite, but the Dow Industrials were hemmed in by declines in Johnson & Johnson and Procter & Gamble. Netflix (NFLX.O) touched a record high of $257.71 and was last up 9.98 percent at $250.29, to cross the $100 billion market value threshold. The video-streaming pioneer beat Wall Street targets for new subscribers in the fourth quarter.
Yahoo Finance's Andy Serwer and Jen Rogers sit down with NASDAQ President Nelson Griggs, live in Davos Switzerland, to discuss what to expect this year on the market and how they are moving to beat major competitors.
The video streaming service, Netflix, reached a $100 billion market cap after the company added 83 million new subscribers between October and December of last year. Yahoo Finance's Alexis Christoforous, Rick Newman, and Dion Rabouin discuss what this means for the high flying stock.