Stocks Ended Mixed, Goldman Dragged Dow

U.S. stocks ended mixed on Tuesday, as Netflix’s rally boosted the Nasdaq Composite to a record high while Goldman Sachs weighed on the Dow. The Dow Jones Industrial Average fell 54.99 points, or 0.25%, to 21,574.73. The S&P 500 gained 1.47 points, or 0.06%, to 2,460.61. The Nasdaq Composite added 29.87 points, or 0.47%, to 6,344.31.

Oil prices got a boost Tuesday, settling higher following a report that Saudi Arabia is considering cutting crude exports, even as the latest data show U.S. production trending higher this year. August West Texas Intermediate crude rose 38 cents, or 0.8%, to settle at $46.40 a barrel. September Brent crude gained 42 cents, or 0.9%, to $48.84 a barrel.

International Business Machines Corp’s (IBM) quarterly revenue missed analysts’ estimates. IBM’s net income fell to $2.33 billion, or $2.48 per share in the second quarter ended June 30, from $2.50 billion, or $2.61 per share, a year earlier. Total revenue dipped 4.7 percent to $19.29 billion, marking the steepest fall in five quarters.