Netflix’s third-quarter user growth will help it gain momentum as Wall Street closes on a high note thanks to excellent results.

Wall Street’s major indexes finished the day marginally higher, with the tech-heavy Nasdaq recording a rise of 1.6 percent on strong earnings news and a cautious eye on inflation and future Fed interest rate hikes.

Thus, to finish at 31,875, the Dow Jones Industrial Average rose 48 points, or 0.2 percent. To close at 3,960, the S&P 500 gained 23 points, or 0.6 percent. At 11,898, the Nasdaq Composite increased by 185 points, or 1.6 percent.

After predicting it will resume customer growth during the third quarter while reporting a smaller-than-expected 1 million-subscriber decline in the second quarter, Netflix shares soared 7.4%.

Apple, Amazon, Microsoft Corp., and Meta Platforms all had gains of between 1 and 4.2 percent among other high-growth equities.

Tesla, a manufacturer of electric vehicles, increased 2 percent in after-hours trading after announcing a boost in quarterly profit.

According to Refinitiv statistics, analysts now anticipate that the overall, year-over-year growth of the S&P 500 earnings will be 5.9 percent this reporting season, down from their initial forecast of 6.8 percent.