Netflix Inc’s shares jumped after the company predicted it would return to customer growth during the third quarter, while posting a smaller-than-expected 1 million drop in subscribers in the second quarter.
Analysts expect aggregate year-on-year S&P 500 profit to grow 5.9% in this reporting season, down from the 6.8% estimate at the start of the quarter, according to Refinitiv data. According to preliminary data, the S&P 500 gained 22.89 points, or 0.58%, to end at 3,959.58 points, while the Nasdaq Composite gained 185.15 points, or 1.58%, to 11,898.30.Trading remained volatile in thin volumes, with the CBOE Volatility index last down 23.71 points to its lowest in nearly three months.
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