S&P 500, Nasdaq buoyed by tech stocks; Netflix soars after results

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Oct 18 - The S&P 500 and the Nasdaq climbed on Friday, boosted by an earnings-driven jump in Netflix shares and broader gains across technology stocks.

Apple ,gained 1.5% after data showed a sharp increase in new iPhone sales in China, while chip heavyweight Nvidia ,added 1% after BofA Global Research hiked its price target on the stock. The Dow was weighed down by American Express , opens new tab, which lost 3% after the credit card company's quarterly revenue missed estimates.

"Now is maybe a bit of a waiting game to see how things shake out with and then the subsequent Fed meeting a couple days later, to see if there is any sort of a pause in the coming meetings through the remainder of the year," said Crewe Advisors' Thackeray.

 

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