While you were sleeping: Wall St mixed, Netflix rallies

Tue, 23 Jan 2018

By Margreet Dietz Jan. 24 (BusinessDesk) - Wall Street was mixed, though trading near record highs, as a rally in shares of Netflix following better-than-expected earnings offset slides in shares of Johnson & Johnson Procter & Gamble as their results disappointed. Shares of Netflix soared, up 9.4 percent as of 1.15pm trading in New York, after as its increase in subscribers in its latest quarter beat analysts’ forecasts. “Netflix is pouring more and more money into making content, and it is directly translating into more subscribers,...

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