SMTC - Dow Jumps 150 Points; Netflix Earnings Top Views | Benzinga
U.S. stocks traded higher midway through trading, with the Dow Jones index gaining over 150 points on Thursday.
The Dow traded up 0.48% to 33,825.25 while the NASDAQ rose 0.65% to 13,401.03. The S&P 500 also rose, gaining, 0.56% to 4,338.69.
Check This Out: Best Buy To Rally More Than 21%? Here Are 10 Top Analyst Forecasts For Thursday
Leading and Lagging Sectors
Communication services shares climbed by 1.6% on Thursday.
In trading on Thursday, consumer discretionary shares fell by 0.9%.
Top Headline
Netflix Inc (NASDAQ: NFLX) reported better-than-expected results for its third quarter.
Netflix said third-quarter revenue increased 7.8% year-over-year to $8.54 billion, which beat the consensus estimate of $8.53 billion. The company reported quarterly earnings of $3.73 per share, which beat the consensus estimate of $3.49, up from $3.10 in the same period last year.
The company said it sees fourth-quarter revenue of $8.692 million versus estimates of $8.77 billion. Fourth-quarter earnings are expected to come in at $2.15 per share, in line with analyst expectations.
Equities Trading UP
SeaStar Medical Holding Corporation (NASDAQ: ICU) shares shot up 31% to $1.0095. SeaStar medical shares jumped 70% on Wednesday after the FDA granted the company's Selective Cytopheretic Device Breakthrough Device Designation for hepatorenal syndrome.
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