Major U.S. indices edged closer to all-time highs this week, driven by robust earnings from Netflix, MongoDB, and American Eagle Outfitters, which posted better-than-expected results. The rally reflects resilience in consumer spending and continued investor confidence in tech and retail sectors.
- S&P 500 near all-time high at 5,382.74, 0.6% below peak
- Netflix shares rose 8.2% on 15% subscriber growth and $3.6B in revenue
- MongoDB posted 38% YoY revenue growth ($348M) and 14.7% stock gain
- American Eagle Outfitters saw 11.5% share surge, 9% same-store sales growth
- Russell 2000 gained 1.9% amid broad market strength
- 10-year Treasury yield declined to 4.22%, supporting risk assets
The S&P 500 closed at 5,382.74 on Friday, just 0.6% below its all-time peak reached in early November, as investors reacted positively to a wave of corporate earnings. The Nasdaq Composite advanced 1.3% for the week, propelled by gains in technology stocks, with Netflix rising 8.2% after reporting a 15% increase in global streaming subscribers and a 22% jump in quarterly revenue to $3.6 billion. MongoDB Inc. surged 14.7% following its Q3 earnings release, which revealed a 38% year-over-year revenue growth to $348 million and a non-GAAP gross margin of 85.1%. The database software company also announced a new AI-powered data integration tool, signaling strategic expansion into enterprise AI infrastructure. American Eagle Outfitters saw its shares climb 11.5% after reporting a 9% year-over-year increase in same-store sales and a 23% rise in net income to $168 million, driven by strong demand in its Aerie brand and improved inventory turnover. The company also raised its full-year guidance, projecting adjusted EPS of $3.75 to $3.90, up from the prior estimate of $3.50 to $3.70. Market analysts noted that gains across growth and consumer discretionary sectors have helped sustain momentum, with the Russell 2000 index gaining 1.9% for the week, suggesting broad-based strength beyond large-cap tech. The rally also coincided with a drop in 10-year Treasury yields to 4.22%, easing concerns about rising borrowing costs.