SPRC - Dow Jumps 100 Points; Netflix Reports Strong Q4 Sales | Benzinga
U.S. stocks traded higher this morning, with the Dow Jones index gaining more than 100 points on Wednesday.
Following the market opening Wednesday, the Dow traded up 0.29% to 38,013.76 while the NASDAQ rose 0.85% to 15,557.69. The S&P 500 also rose, gaining, 0.53% to 4,890.27.
Check This Out: Netflix To Rally Around 18%? Here Are 10 Top Analyst Forecasts For Wednesday
Leading and Lagging Sectors
Communication services shares rose by 1.4% on Wednesday.
In trading on Wednesday, consumer staples shares fell by 0.2%.
Top Headline
Netflix, Inc. (NASDAQ: NFLX) reported better-than-expected sales for its fourth quarter.
Netflix reported fourth-quarter revenue of $8.83 billion, which was up 12.5% year-over-year. The total came in ahead of a Street consensus estimate of $8.72 billion. The company reported fourth-quarter earnings per share of $2.11, which missed a Street consensus estimate of $2.21.
The company, meanwhile, added 13.12 million net paid subscribers in the fourth quarter.
Equities Trading UP
Getaround, Inc. (NYSE: GETR) shares shot up 155% to $0.4705 after the company announced a new debt facility with Mudrick Capital Management for up to $20 million.
Shares of Evaxion Biotech A/S (NASDAQ: EVAX) got a boost, ...