Dow rises more than 100 points, Netflix leads tech rally [CNBC]
Meta Platforms, Inc. - Class A (FB)
Last meta platforms, inc. - class a earnings: 4/29 04:05 pm
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Source: CNBC
Dow rises more than 100 points, Netflix leads tech rally Stocks rose on Tuesday as Netflix led a rally in tech-related names after news that it would hike its monthly membership prices. The Dow Jones Industrial Average S&P 500 Nasdaq Composite Stocks pared some of their gains after U.K. lawmakers voted against the Brexit plans of U.K. Prime Minister Theresa May Shares of Netflix jumped 6.5 percent after a report said the company it would hike prices "Investors will likely view this above-Street estimate increase quite positively, bolstering confidence in subscriber trends, pace of revenue growth and ability to achieve guidance for margin gains," said Doug Mitchelson, an analyst at Credit Suisse. Facebook, Amazon, Apple and Alphabet rose more than 2 percent each. Eduardo Munoz | Reuters Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 27, 2018. The major averages also got a boost as J.P. Morgan Chase rose nearly 1 percent, erasing earlier loss
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