NEW YORK, Jan. 23 (Xinhua) -- U.S. stocks traded mixed on Tuesday, with Nasdaq reaching record highs, as corporate earnings reports came out overall positive.
At midday, the Dow Jones Industrial Average lost 2.13 points, or 0.01 percent, to 26,212.47. The S&P 500 increased 5.62 points, or 0.20 percent, to 2,838.59. The Nasdaq Composite Index was up 42.27 points, or 0.57 percent, to 7,450.30.
The tech-heavy Nasdaq traded higher as Netflix shares soared after the release of stronger-than-expected subscriber growth.
The U.S. online video giant reported on Monday after the close that it added 8.3 million subscribers in the fourth quarter compared with expectations for 6.4 million. The company's shares are up 12 percent Tuesday to 255 U.S. dollars, lifting its market value above 100 billion U.S. dollars for the first time.
Meanwhile, Dow components Johnson & Johnson and Procter & Gamble both reported better-than-expected earnings and revenue on Tuesday.
The calendar fourth-quarter earnings season is off to a good start. As of Tuesday, 72 percent of the S&P 500 companies that had reported surpassed earnings expectations, while 80 percent of those companies had beaten sales estimates, according to U.S. financial information company FactSet. Enditem
