Additional Coverage:
Wall Street Hits New Highs
The S&P 500 and Dow Jones Industrial Average reached record levels on Friday, continuing their six-week winning streak. The S&P 500 rose 0.4%, while the Dow gained 0.085%.
Netflix Drives Nasdaq Higher
Netflix’s strong earnings report boosted the Nasdaq, which climbed 0.063%. The streaming giant’s shares surged 11.1%.
Europe Rises on ECB Rate Cut
European stocks also climbed after the European Central Bank cut interest rates, signaling support for economic growth. The Stoxx 600 index gained 0.21%.
China Surges on GDP Growth
Chinese stocks jumped after GDP growth exceeded expectations at 4.6%. The CSI 300 index surged 3.62%.
Japan’s Nikkei Recovers
Japan’s Nikkei 225 closed up 0.18%, as the semiconductor sector stabilized. Investors remained cautious amid ongoing tech earnings reports globally.