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Top Stock Movers Now: Netflix, DuPont, Kimberly-Clark, and More

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PATRICK T. FALLON / Contributor / Getty Images

Key Takeaways

  • The S&P 500 reached another record high in intraday trading on Wednesday, Jan. 24, 2024, as the Dow and Nasdaq gained as well, boosted by tech stocks.
  • Netflix posted a jump in subscribers in the fourth quarter, sending shares soaring.
  • DuPont warned about fourth quarter and current quarter results as volumes slowed, especially in China.
The S&P 500 reached another record high in intraday trading on Wednesday, while the Dow and Nasdaq gained as well, as tech stocks rallied.

Netflix (NFLX) was the best-performing stock in the S&P 500 after the biggest streaming service reported a big jump in subscribers in the fourth quarter.

Shares of Advanced Micro Devices (AMD) also gained on an upgrade from NewStreet Research, which called AMD the best way to play fast adoption of artificial intelligence (AI).

TE Connectivity (TEL) shares jumped as the maker of sensors beat earnings estimates and gave upbeat guidance on rising demand from electric vehicle (EV) manufacturers.

DuPont de Nemours (DD) shares plunged as the chemical giant warned that lower volumes, especially in the China market, would drag down fourth quarter and current quarter results.

Shares of Kimberly-Clark (KMB) dropped after the consumer products company missed profit and sales forecasts as the strong dollar hurt international revenue.

Baker Hughes (BKR) shares slid as the oilfield services provider’s sales were short of expectations with North American revenue falling. 

Oil futures advanced and gold prices declined. The yield on the 10-year Treasury note was little changed. The U.S. dollar lost ground to the euro, pound, and yen. Most major cryptocurrencies traded higher.

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