US Stock Market LIVE Updates: Wall Street is drifting on Friday (July 18) toward the finish of its third winning week in the last four, as more big US companies deliver stronger profits for the spring than analysts expected. The S&P 500 was 0.2% higher in early trading after setting its all-time high the day before. The Dow Jones Industrial Average was down 25 points, or 0.1%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was up 0.4% after coming off its own record.
US Stock Market LIVE Updates: Wall Street is drifting on Friday (July 18) toward the finish of its third winning week in the last four, as more big US companies deliver stronger profits for the spring than analysts expected. The S&P 500 was 0.2% higher in early trading after setting its all-time high the day before. The Dow Jones Industrial Average was down 25 points, or 0.1%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was up 0.4% after coming off its own record. Norfolk Southern chugged 2.6% higher after an AP source said it’s talking with Union Pacific about a merger to create the largest railroad in North America, one that would connect the East and West coasts. Any such deal, though, would likely face tough scrutiny from U.S. regulators. Union Pacific’s stock slipped 0.5%. Netflix, meanwhile, fell 4.7% despite reporting a stronger profit for the latest quarter than Wall Street expected. Analysts said it’s not a surprise the stock was sluggish after it had already soared 43% for the year so far, coming into the day. That’s six times more than the gain for the S&P 500.
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