Nasdaq Hits Record on Netflix Boost; Dow Dragged by Goldman
NEW YORK — A Netflix rally boosted the Nasdaq Composite to a record high on Tuesday while Goldman
Sachs Group Inc dragged the Dow lower as earnings take center stage on Wall Street.
Art Hogan said that Earnings and guidance will move the market more than news out of D. C. Goldman is more important to the market today, as is Netflix,
and that will be the case for the next couple of weeks,
The Dow Jones Industrial Average fell 54.99 points, or 0.25 percent, to 21,574.73, the S&P 500 gained 1.47 points, or 0.06 percent, to 2,460.61
and the Nasdaq Composite added 29.87 points, or 0.47 percent, to 6,344.31.
The Dow was dragged lower by a drop in Goldman Sachs, which fell 2.6 percent to $223.31 after reporting a 40 percent fall in bond trading revenue
and posted the weakest commodities results in its history as a public company.