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New record highs on Wall St.

Monday, July 18, 2016 - 01:07

The Dow and S&P hit new closing highs. Netflix misses subscriber growth expectations. Bobbi Rebell reports.

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Netflix out with lower-than-expected subscriber growth. Price hikes for its video streaming service putting off customers. Yahoo out with an overall earnings miss though revenues did beat forecasts. The shift to the cloud is paying off at IBM, where revenue beat forecasts. During the regular trading session, Wall Street hit new highs as Bank of America's better-than-expected profit boosted optimism about the earnings season. Jane Barratt is the CEO of digital investment advisor GoldBean. SOUNDBITE: JANE BARRATT, CEO, GOLDBEAN (ENGLISH) SAYING: "It's a amazing market. Given all the things that are going on in the news right now, to be having record high after record high, I think, the proof is you know it is a flight to quality. The U.S. is the strongest market in the world. " Softbank will pay $32 billion to buy British chip designer ARM Holdings.. energizing shares of that stock and the chip sector. Hasbro stock a big loser on concerns about slowing growth. In Europe, tech shares rose but the major indexes were mixed.

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New record highs on Wall St.

Monday, July 18, 2016 - 01:07