SAN JOSE, Calif. _ It was Netflix at the open and Netflix at the close, as the internet streaming TV giant conquered the stock market Tuesday.
The Los Gatos-based company's quarterly report pleased just about everyone, from its subscribers to its investors and the Wall Street analysts that cover the company.
Netflix shares climbed 13.5 percent on the day, to put in an all-time-high close of $183.60.
On Monday, Netflix reported strong second-quarter results that included the addition of 5.2 million new subscribers worldwide. Those new members surpassed Netflix's own estimates of 3.2 million new subscribers during the quarter and gave many Wall Street analysts a reason to lift their price targets on Netflix's stock.
Among Bay Area companies, it was a case of Netflix and then everyone else playing for second place. No other company came close to Netflix's performance, but gains also came from Nvidia, Alphabet, Facebook and TiVo.
The tech-focused Nasdaq composite index rose 0.5 percent to end the day at 6,344.31, and the broad-based Standard & Poor's 500 index edged up by just 1.5 points to finish at 2,460.61. The blue chip Dow Jones industrial average slipped by 0.3 percent to 21,574.73.
