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Nasdaq closes at record high, posts longest winning streak since 2015

  • Netflix shares hit a record high, lifting the Nasdaq composite into record territory.
  • Goldman Sachs fell after reporting a sharp drop in bond trading revenue for the second quarter, pressuring the Dow Jones industrial average.
  • Wall Street also turned its eyes towards Washington, after two more Republican senators announced they would oppose the current Republican health care bill.

U.S. equities closed mostly higher on Tuesday as investors parsed through more corporate quarterly reports.

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DJIA
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S&P 500
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NASDAQ
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The Nasdaq composite rose 0.5 percent to close at 6,344.31, a record high. The index also notched an intraday record and an eight-day winning streak, its longest since February 2015.

Netflix shares soared more than 13 percent to an all-time high. The company said it added 5.2 million total memberships during its second quarter. Facebook also hit a record intraday high.

The S&P 500 closed 0.06 percent higher at 2,460.61, a record closing high. Information technology led advancers.

The Dow Jones industrial average fell about 54.99 points to close at 21,574.73, pressured by shares of Goldman Sachs. The index also fell more than 150 points at its session lows.

Goldman Sachs contributed the most losses on the Dow after reporting a 40 percent drop in second-quarter bond trading revenue. That said, it's top and bottom-line quarterly results topped Wall Street expectations.

"While GS has noted in the past that FICC revenues generally fall by circa 30% between Q1 and Q2, the market was expecting less of a fall given GS's underperformance in Q1 2017," Christopher Wheeler, research analyst at Atlantic Equities, said in a note Tuesday.

Bank of America also posted quarterly results that beat expectations. Its stock, however, was also pressured by a sharp drop in trading revenue.

Traders work on the floor of the New York Stock Exchange.
Getty Images
Traders work on the floor of the New York Stock Exchange.

Wall Street also turned its eyes towards Washington, after two more Republican senators announced Monday that they would oppose the current Republican health care bill.

Following the news, Senate Majority Leader Mitch McConnell called for a vote to repeal Obamacare without an immediate replacement, after the latest attempt to overhaul the U.S. health care system lost momentum.

Bruce McCain, chief investment strategist at Key Private Bank, said "some of the sentiment measures recently seem to be coming in" as people lose confidence in the administration's ability to move forward on key items from the Trump agenda.

The U.S. dollar fell broadly on the back on of the Senate news, with the euro rising 0.7 percent to $1.155.

"Entering the year, there was some euphoria [in the market] surrounding the [Trump] agenda, but now that has subsided a bit," said Minh Trang, senior FX trader at Silicon Valley Bank. "There were expectations that things would get done, but not much has been done."

Yields followed the greenback lower. The benchmark 10-year note yield slipped to 2.27 percent, while the two-year yield hovered around 1.35 percent.

In economic news, import prices fell 0.2 percent last month, as expected.

—CNBC's Alexandra Gibbs and Jacob Pramuk contributed to this report.