(CNBC) — The Nasdaq composite closed at a record high on Tuesday after Netflix shares surged on stronger-than-expected subscriber growth.
The video streaming giant said Monday after the close that total net adds reached 8.33 million, well above a StreetAccount estimate of 6.39 million. Netflix's stock surged 10 percent, lifting the company's market cap above $100 billion for the first time.
The Nasdaq finished 0.7 percent higher at 7,460.29.
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