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Markets Reach New Closing Highs, Netflix Beats on Q2 Earnings
ZACKSยท2025-07-17 23:11

Market Performance - The stock market experienced a bullish day with the Dow increasing by 229 points (+0.52%), the S&P 500 rising by 33 points (+0.54%), the Nasdaq gaining 153 points (+0.74%), and the Russell 2000 leading with a rise of 27 points (+1.22%) [1] - Year-to-date performance shows the Dow up +4.56%, S&P 500 up +7.07%, Nasdaq up +8.15%, and Russell 2000 up +1.07% [1] Bond Market - Bond yields moderated after rising due to strong economic reports, with the 10-year yield at +4.46%, the 2-year at +3.91%, and the 30-year above +5.01% [2] Economic Indicators - Business Inventories for May remained flat at 0.0% for the second consecutive month, with only one negative month in the past year [3] - Homebuilder Confidence for July reached 33, slightly above the previous month's 32 [3] Company Earnings - Netflix reported Q2 earnings of $7.19 per share, exceeding estimates of $7.07, with revenues of $11.08 billion, close to the expected $11.09 billion [4] - Netflix raised its full-year revenue guidance to $44.8-45.2 billion and marked its sixth consecutive quarterly earnings beat, despite a slight decline in shares [5] - Interactive Brokers reported Q2 earnings of 51 cents per share, beating estimates by 5 cents, with revenues of $1.48 billion, surpassing the expected $1.36 billion [6] - Interactive Brokers' shares rose nearly +5% in after-hours trading following its earnings report [6] Upcoming Economic Data - Upcoming reports include Housing Starts and Building Permits for June, expected to show slight increases, and a preliminary Consumer Confidence reading for July, anticipated to rise to 61.8 from 60.7 [7] - The Q2 earnings season continues with reports expected from companies like 3M, Schlumberger, and American Express, with major companies like Alphabet, Intel, and Tesla reporting next week [8]