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Nasdaq posts record closing high with tech gains, rate cut optimism
Economic Outlook

Nasdaq posts record closing high with tech gains, rate cut optimism

STORY: U.S. stocks ended higher on Friday, with the Dow adding nearly half a percent, the S&P 500 climbing more than three-quarters of a percent, and the Nasdaq gaining one percent to notch a record closing high for the second straight day.The three major indexes registered solid gains for the week, notes Steven Schoenfeld, CEO of MarketVector Indexes."It's a combination of some geopolitical hopes - the fact that the President is going to meet with [Russian President Vladimir] Putin very near term is giving some hope of relaxation of geopolitical tensions - earnings continue to be strong, and the hope for lower interest rates."Stocks on the move included Apple, which rose more than 4% Friday and was up over 13% for the week, it's biggest weekly percentage gain since 2020.Also helping the S&P 500 were shares of Gilead Sciences, which jumped more than 8% after the biopharmaceutical company raised its full-year financial outlook.And shares of Expedia rose more than 4% after the online travel agent raised its annual forecast for gross bookings and revenue growth.Inflation will be in focus next week, which could serve as a test for the stock market rally.The monthly U.S. consumer price index report is due on Tuesday, and some investors say equities could be set for a pullback depending on what it reveals.

Aug 08, 2025 Yahoo External Link
Netflix's $6 Billion UK Spend Pays Off With Strong Growth, Membership Gains
Economic Outlook

Netflix's $6 Billion UK Spend Pays Off With Strong Growth, Membership Gains

Netflix (NASDAQ:NFLX) stock traded higher on Friday, backed by investor optimism over its U.K. financial arm’s results and FIFA Women’s World Cup deal win. The streaming giant’s U.K. unit grew revenue 11% in 2024 to 1.85 billion pounds ($2.48 billion) as it expanded in the market, according to its Companies House filing on Thursday. A Netflix spokesperson told Variety that it has contributed significantly to the U.K. economy over the past four years by investing $6 billion, employing more than 5

Aug 08, 2025 Yahoo External Link

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