US stocks mixed; Netflix surges as earnings season continues

U.S. stocks traded in a mixed fashion Friday, as investors digested more quarterly corporate earnings, including stronger-than-expected numbers from streaming giant Netflix.

At 09:35 ET (13:35 GMT), the Dow Jones Industrial Average fell 135 points, or 0.3%, the S&P 500 index climbed 4 points, or 0.1%, and the NASDAQ Composite gained 90 points, or 0.5%.

Netflix surges on Q3 beat Netflix (NASDAQ:NFLX) shares rose over 8% after the streaming giant reported stronger-than-expected third-quarter earnings and also provided an upbeat outlook for the current quarter.

The firm added more subscribers than expected, with more people signing up for Netflix’s ads-based subscription tiers.

The earnings set a positive tone for upcoming prints from several technology firms in the coming week. Alphabet (NASDAQ:GOOGL) is set to report on Tuesday, while Tesla (NASDAQ:TSLA) and Amazon (NASDAQ:AMZN) are due later in the week.

Elsewhere, American Express (NYSE:AXP) stock dropped over 4% after the credit card giant reported third-quarter profit revenue below expectations and bigger provisions for credit losses, even as higher spending on its cards prompted an increase in full-year guidance.

Procter & Gamble (NYSE:PG) stock fell 0.4% after the household goods manufacturer missed expectations for first-quarter sales on Friday, as consumers in its major markets, the U.S. and China, switched to cheaper household and personal care brands.

On the economic front, investors will also monitor commentary scheduled from central bank officials including Atlanta Federal Reserve President Raphael Bostic and Minneapolis Fed President Neel Kashkari.