Investing.com -- U.S. stocks were mixed on Tuesday, remaining near-record territory, as considerable gains in Johnson & Johnson (NYSE:JNJ) were offset by sharp declines in Netflix Inc (NASDAQ:NFLX) shares after the global streaming film provider saw user growth fall precipitously over its previous quarter.
The Dow Jones Industrial Average gained 25.96 or 0.14% to close at an all-time high of 18,559.01, recording its eighth consecutive winning session. At session-highs, the Dow reached an all-time intraday high of 18,562.19, hitting a record intra-session peak for the seventh straight session. Since falling approximately 850 points in the two sessions following last month's Brexit decision, the Dow has rallied more than 8.25%. The eight-session winning streak is the Dow's longest in more than three years. The NASDAQ Composite index fell 19.41 or 0.38% to 5,036.37, while the S&P Composite index lost 3.11 or 0.14% to 2,163.78, as Netflix weighed on both indices.
On the S&P 500, nine of 10 sectors closed in the red as stocks in the Basic Materials, Energy and the Telecom industries lagged. Stocks in the Financials sector led after closing as the only industry in positive territory for the day.
The top performer on the Dow was McDonald’s Corporation (NYSE:MCD), which added 2.74 or 2.21% to 126.54. McDonald's shares popped on Tuesday after the Wall Street Journal reported that the fast food giant's unit in Japan will sponsor the Pokemon Go reality game when it makes its debut on Wednesday. Within three days of its launch in the U.S., Pokemon Go attracted more than 20 million users, becoming the most popular mobile game on American soil. The worst performer was MSFT, which fell 0.96 or 1.78% ahead of its release of quarterly earnings in after-hours trading. When Microsoft (NASDAQ:MSFT) disclosed its first quarter results earlier this years, shares plunged 7% over the next 24 hours following worse than expected earnings.
The biggest gainer on the NASDAQ was Jd.Com Inc Adr (NASDAQ:JD), which added 0.28 or 1.26% to 22.42. Shares in the Chinese e-commerce site are up roughly 1% since Wal-Mart Stores Inc (NYSE:WMT) purchased a 5% stake in the company a month ago. Despite the slight gains, JD.com is still down 27% over the last three months. The worst performer was Netflix, which tumbled 12.97 or 13.13% to 85.84. It came amid a major slowdown in subscriber growth last quarter, as users expressed widespread concerns with the company's planned price increases of $2 a month. As a result, new Netflix subscribers rose by 1.7 million for the three-month period, falling sharply below analysts' expectations for gains of 2.5 million.
On the New York Stock Exchange, declining issues outnumbered advancing ones by a 1,718-1,247 margin.