Stocks Soar as Dow Extends Winning Streak, Tech Earnings Impress

The Dow Jones Industrial Average is on track for its longest winning streak in almost six years, lifted by gains in healthcare and financial sectors. The index is up almost 7% in 2023, compared to the S&P 500's 19% rise. The S&P 500 and Nasdaq also rose, with healthcare and utilities leading the gains. However, Netflix dipped for a second straight day after disappointing quarterly results. American Express and Schlumberger both saw their stocks fall after missing revenue expectations. The Nasdaq has rallied 35% this year, driven by optimism over artificial intelligence and expectations of the Federal Reserve's rate hike cycle ending soon.