Singled Out: Nasdaq Slips on Netflix Loss as Dow Flirts With Nine Month High
April 19, 2016 at 17:48 PM EDT
The S&P 500 and the Dow Jones Industrial Average continued to push higher today, although the Nasdaq was weighed down by a big drops in Netflix ( NFLX ), which tumbled following earnings today. The S&P 500 gained 0.3% to 2,100.80, while the Dow Jones Industrial Average rose 49.44 points, or 0.3%, to 18,053.60, its highest close since July 20, 2015. The Nasdaq Composite fell 0.4% to 4,940.33. Netflix tumbled 13% to $94.34 after gaining far fewer overseas subscribers than it had forecast . The Dow Jones Industrial Average was able to offset International Business Machines' ( IBM ) 5.7% drop to $143.98 with gains from...