Stock Market Today: Netflix Stock Rally Sends S&P 500 to New High

The streaming giant posted higher-than-expected subscriber growth for Q4, sending its share price soaring.

close-up of Netflix app icon on smartphone
(Image credit: Phil Barker/Future Publishing via Getty Images)

Stocks shot higher out of the gate Wednesday, buoyed by a well-received earnings report from streaming giant Netflix (NFLX). Some strong economic data also helped boost equities.  

At the close, the Dow Jones Industrial Average was down 0.3% at 37,806, while the Nasdaq Composite was up 0.4% at 15,481. The S&P 500 gained 0.1% to 4,868, its fourth straight record close. 

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Karee Venema
Senior Investing Editor,

With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at Schaeffer's Investment Research. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis.