Nasdaq rises on positive earnings signals as inflation concerns loom

Published by
Reuters

By Echo Wang (Reuters) – The tech-heavy Nasdaq climbed over 1% on Wednesday as investors digest the latest earnings as positive signals of the economy, albeit rising concerns on inflation and a tightening Fed. The S&P 500 edged up 0.39% while the Dow Jones Industrial Average slipped 0.12%. Netflix Inc’s shares jumped 6% 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. Other high-growth stocks extended gains following the forecast from the streaming service provider…

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