Nasdaq, S&P 500 rise early as Netflix rallies
Nasdaq, S&P 500 higher, Dow dips
Comm Svcs leads S&P sector gainers; Energy down most
Euro STOXX 600 index ~flat
Dollar lower; crude off >1.5%; gold gains; bitcoin up >2%
U.S. 10-Year Treasury yield dips to ~4.07%
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NASDAQ, S&P 500 RISE EARLY AS NETFLIX RALLIES
The Nasdaq .IXIC and S&P 500 .SPX are higher in early trading as shares of Netflix NFLX.O are up nearly 10% after it topped subscriber targets in its late Thursday earnings report.
Communication services .SPLRCL and technology .SPLRCT are the leading gainers among S&P 500 sectors.
The Dow .DJI, however, is down slightly. Energy shares .SPNY are following crude oil prices lower.
The three major stock indexes are on track to post a sixth straight week of gains.
Netflix is the latest major U.S. company to report results. The third-quarter earnings season for S&P 500 companies unofficially kicked off last week.
Brian Jacobsen, chief economist at Annex Wealth Management in Brookfield, Wisconsin, writes in a note Friday: "Earnings season is off to a good start, but expectations for growth might be a bit too high."
Here is a morning market snapshot:
(Caroline Valetkevitch)
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FOR FRIDAY'S EARLIER LIVE MARKETS POSTS:
AS NASDAQ NEARS ITS HIGHS, TRADERS WAIT WITH BATED "BREADTH" - CLICK HERE
SPANISH HOTELS WIN 2024'S TOURISM BOUNCEBACK - BOFA - CLICK HERE
U.S. SMALL-CAPS IN FAVOURABLE SET-UP - CLICK HERE
MIXED Q3 EARNINGS WON'T DERAIL EQUITIES - BARCLAYS - CLICK HERE
AMPLE UK HOUSEHOLD SAVINGS BRIGHTEN CONSUMER SPENDING OUTLOOK - INVESTEC - CLICK HERE
LUXURY AND MINERS LIFT EUROPE - CLICK HERE
EUROPE BEFORE THE BELL: A CALMER END TO THE WEEK - CLICK HERE
LOTS OF CHINA NEWS, LITTLE CLARITY - CLICK HERE
early snapshot https://tmsnrt.rs/3NxoO0G
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