The Miami Entrepreneur

U.S. stocks open modestly higher with Nasdaq jumping on Alphabet, Netflix boost

Read Time:39 Second

U.S. stock indexes opened higher on Friday with the technology sector rallying after shares of Google parent Alphabet Inc. and Netflix Inc. jumped ahead of opening bell. Shares of Netflix Inc rose 6.3% at the open, after the streaming company added more subscribers than expected in the fourth quarter of 2022 and said its co-founder Reed Hastings was stepping down as chief executive. Alphabet Inc. rose 2.5% after the company announced it will lay off 12,000 employees. The Nasdaq Composite advanced 0.7%, while the S&P 500 rose 0.4% and the Dow Jones Industrial Average opened nearly flat.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

About Post Author

Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleepy
Sleepy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %
Previous post : Hellbiz stock skyrockets after following Genius Group’s example of investigating illegal short selling
Next post : Ericsson stock falls more than 4% after earnings miss and downbeat outlook