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Netflix Shares Rise as It Gains Subscribers

Business

0  Updated at 2:17 pm, July 21st, 2014 By: ABC Digital
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iStock/Thinkstock(NEW YORK) — Investors kicked off a new trading week with mixed results, as investors kept one eye on the tensions between Russia and the West over the downed Malasia Airlines flight in Ukraine and one eye on corporate earnings.

Netflix shares rose despite quarterly earnings that failed to meet analysts estimates. The streaming service added nearly 1.7 million subscribers globally in the second quarter.

The Dow Jones Industrial Average fell more than 48 points, closing at 17,051.73. The Nasdaq declined more than 7 points, ending the day at 4,424.70, while the S&P 500 lost more than 4 points, closing at 1,973.63.


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