New York Jan 24 (IANS) US stocks traded mixed on Tuesday with Nasdaq reaching record highs as corporate earnings reports came out overall positive.
At midday the Dow Jones Industrial Average lost 2.13 points or 0.01 per cent to 26 212.47. The S&P 500 increased 5.62 points or 0.20 per cent to 2 838.59 reports Xinhua.
The Nasdaq Composite Index was up 42.27 points or 0.57 per cent to 7 450.30.
The tech-heavy Nasdaq traded higher as Netflix shares soared after the release of stronger-than-expected subscriber growth.
The US online video giant reported on Monday after the close that it added 8.3 million subscribers in the fourth quarter compared with expectations for 6.4 million.
The company s shares are up 12 per cent Tuesday to $255 lifting its market value above $100 billion for the first time.
Meanwhile Dow components Johnson & Johnson and Procter & Gamble both reported better-than-expected earnings and revenue on Tuesday.
The calendar fourth-quarter earnings season is off to a good start. As of Tuesday 72 per cent of the S&P 500 companies that had reported surpassed earnings expectations while 80 per cent of those companies had beaten sales estimates according to US financial information company FactSet.
--IANS
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