Nasdaq Index Today: Netflix Rally Leads Gains as Dow Falters on AmEx Slump…

While Netflix thrived, American Express (AmEx) struggled. Despite a five-week winning streak, AmEx’s stock fell nearly 5% on Friday, making it one of the worst performers in the Dow and S&P 500. This decline followed a revenue miss for the third quarter, putting the stock on track for its first weekly loss in six weeks. Shares were down 1.5% for the week, jeopardizing its recent rally.

Sector Performance Mixed Amid Earnings Season

Across sectors, performance was mixed as earnings reports rolled in. The Consumer Discretionary sector gained 0.45%, while Consumer Staples rose 0.21%. The Technology sector was up 0.51%, with Communication Services leading the pack, climbing 1.11%. In contrast, Energy suffered, dropping 0.94% as oil prices slid. The Financials sector saw a modest decline of 0.14%, while Industrials and Materials rose slightly by 0.11% and 0.31%, respectively. Real Estate also advanced by 0.38%, while Utilities posted a modest gain of 0.32%.

Bitcoin and Gold Rally to Multi-Month Highs

Bitcoin climbed as high as $68,347 on Friday, marking a 7% gain for the week and its best weekly performance since mid-September. Ether also rose more than 6% for the week, while Coinbase soared 19%.