Stock market today: Wall Street sets more records and closes a 6th straight winning week
U.S. stocks rose to records to close out their latest winning week
NEW YORK (AP) — U.S. stocks closed their latest winning week with more records on Friday.
The S&P 500 rose 0.4% to squeak past the all-time high it had set early this week. The Dow Jones Industrial Average added 36 points, or 0.1%, to its own record set the day before, and the Nasdaq composite gained 0.6%.
Netflix helped drive the market with a leap of 11.1% after the streaming giant reported stronger profit for the latest quarter than analysts expected. That was despite a slowdown in subscriber growth.
It helped offset a 5.2% drop for CVS Health, which said it’s likely to report a profit for the latest quarter that’s well below what analysts had been expecting. The company also said David Joyner, an executive vice president, is taking over as president and CEO for Karen Lynch.