Nasdaq, S&P500 Strong Over Weekend

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The Nasdaq 100 rose 0.2% on Friday, boosted by Netflix's impressive 5% jump following strong third-quarter earnings.


Netflix beat expectations with both revenue and revenue, and the company saw a significant 35% increase in its ad-level membership.


In addition, the S&P 500 rose slightly by 0.1%, while Dow futures remained flat.


On Thursday, the Dow hit another record high, gaining 0.37%, while the S&P 500 hit a new high but ended just 0.02% lower.


The Nasdaq Composite rose by 0.04%.


This positive move comes amid a wave of strong corporate earnings and encouraging economic data.


However, investors remain cautious ahead of next November's US election and the next Federal Reserve (Fed) meeting.


In corporate news, Taiwan Semiconductor jumped nearly 10%, thanks to an increase in profits driven by high demand for AI chips, boosting other semiconductor stocks as well.


Markets also reacted positively to strong US retail sales and weekly jobless benefits claims data.


Investors are now looking forward to more earnings reports and guidance from the central bank.

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