Markets Midday: Nasdaq Erases 1% Loss, Netflix On Deck, Pending Home Sales Tumble 10-20-2026

0:01I'm Peter Schacknow, CNBC. Stocks are higher despite the continued presence of all the issues that have weighed on investor sentiment in recent weeks. They include surging oil prices, higher interest rates, and worries about a possible artificial intelligence bubble in stocks. The Dow adding 503 points to 52 ,469. The S &P 500 is a half percent higher, or 35 points. And the Nasdaq is 78 points higher, about three-tenths of one percent. The Nasdaq had been down 1 % in early trading before erasing that loss. Netflix is among big-name companies releasing earnings after today's closing bell. What we think investors are still very much focused on is what is that sustainable growth rate, whether or not that's going to be double digits, which we're all expecting, the amount of content that they have, what can they do to drive higher engagement, which is clearly the focus for investors, bring in a different type of story and use that global scale and international presence in a different way.

1:03That's Robert Fishman, who follows Netflix as a senior analyst at Moffitt Nathanson. Elon Musk's SpaceX will also be out with quarterly results after the closing bell. Pending home sales tumbled 7.3 percent last month, according to new data from the National Association of Realtors. That puts pending home sales at a record low as 30-year mortgage rates averaged nearly 7.5%. Peter Schachnow, CNBC.

1:53Brokerage Services, LLC. Member NYSE, SIPC.