Stocks Hit New Highs as Netflix Earnings Boost Tech; Economy Shows Signs of Strength
• US stocks climbed, with the S&P 500 heading for another record close, buoyed by upbeat tech earnings from Netflix • The Dow Jones added 0.4%, or nearly 150 points, also signaling a return to gains • Netflix shares rallied nearly 10% after subscriber growth far outpaced expectations • Economic data showed US output at highest level in 7 months, with business confidence hitting 20-month high • Markets opened higher, with S&P 500 adding 0.6% to build on Tuesday's record close; Nasdaq surged 0.9% on strength in tech