US: S&P 500 hits record high on Netflix, chip stocks boost
THE S&P 500 scaled a fresh record high at open on Wednesday (Jan 24), after Netflix surged on smashing expectations for subscriber growth, while ASML’s strong earnings helped drive gains in chip stocks.
The benchmark index hit an intraday record high for the third time in less than a week, fueling a bull-market run it confirmed on Friday after closing at an all-time high.
The Dow Jones Industrial Average rose 69.92 points, or 0.18 per cent, at the open to 37,975.37.
The S&P 500 opened higher by 23.96 points, or 0.49 per cent, at 4,888.56, while the Nasdaq Composite gained 134.67 points, or 0.87 per cent, to 15,560.61 at the opening bell. REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Asia: Stocks mixed after Wall Street, Europe retreat from records
Singapore shares edge up at Friday’s open; STI up 0.2%
‘No better player’ than GIC to help revitalise fortunes of Singapore stock market: observers
Stocks to watch: NetLink NBN Trust, Centurion, No Signboard
Europe: Shares snap nine-day winning streak as Siemens weighs
US: Stocks dip after Dow tops 40,000 for first time