Stock market today: Nasdaq, S&P 500 step higher as Netflix jumps after earnings beat

US stocks rose on Friday, with tech in the lead as investors welcomed Netflix's across-the-board earnings beat in the wait for the next batch of corporate results. The tech-heavy Nasdaq Composite moved up roughly 0.5%, while the S&P 500 added 0.3%. The Dow Jones Industrial Average fell about 0.1% after hitting a fresh record closing high. The major stock gauges are all on track for a sixth weekly win in a row after a strong showing by big banks to kick off earnings season.

The streaming giant's profit surged to outstrip Wall Street estimates, while revenue and subscriber growth also came in stronger than expected. Its shares jumped over 9% in morning trading. At the same time, a rebound in Chinese stock markets propelled gains in US-listed shares of Alibaba , JD.com, and PDD . The rally came amid revived optimism for more stimulus to help China's economy. In commodities, gold prices hit a new record, topping $2,700 an ounce for the first time.

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