Netflix's earnings report boosted the tech sector
A stellar earnings report from Netflix (NFLX) continued to help tech stocks rally, putting the Nasdaq at its highest level since December 2021 and the S&P 500 at a fresh record high. Both benchmarks also logged their fifth-straight win, while the Dow fell for a second consecutive session.
Continue reading for more on today's market, including:
- This bull signal has never been wrong.
- Keep an eye on this crypto stock over the next month.
- Plus, how to play the SPX's rally; behind the chip sector's boom; and Netflix's earnings.
5 Things to Know Today
- Even amid all the turmoil, Boeing (BA) is slated to deliver its first 737 MAX jet to China since March 2019. (Reuters)
- The United Auto Workers (UAW) union endorsed U.S. President Joe Biden for reelection this year. (CNBC)
- How to play the market after the SPX's record high.
- What boosted the semiconductor sector today.
- Streaming giant nabbed two-year highs after earnings.
Oil Futures Jump as Investors Focus on Production, Demand
Oil futures rose today after weather-related issues put pressure on U.S. oil production. In addition, China's economic measure bolstered investors confidence in energy demand. For the session, March-dated West Texas Intermediate Crude (WTI) gained 72 cents, or 1%, to finish at $75.09 a barrel on the day.
Gold prices fell today despite a weakened U.S. dollar. At last look, February-dated gold was down $9.80, or -0.5%, to settle at at $2,016 for the session.