Economic news

U.S. stocks gain on solid earnings

U.S. stocks were mixed in early trading on Tuesday as strong corporate earnings offset worries of the potential influence of President Donald Trump’s decision to impose excessive import tariffs.

Photo: Reuters

The Dow Jones Industrial Average slipped 0.08 percent, to 26,192.37. The S&P 500 slid 0.09 percent, to 2,835.39. The Nasdaq Composite ticked up 0.28 percent, to 7,429.14.

Netflix shares soared 11 percent to $257.71 The number of subscribers of the world's largest streaming video service increased in the fourth quarter of last year stronger than expected. The company valued at $100 billion.

Investors also focused on the World Economic Forum, which kicked off Tuesday in Davos, Switzerland.

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