U.S. stocks advanced and investors digest the latest batch of earnings and housing market indicators flashed red signals ahead. 

The S&P 500 index increased 0.6% to 3,959.90 and the Nasdaq Composite index advanced 1.6% to 11,897.65. 

Futures of crude oil decreased $1.61 to $102.65 a barrel and natural gas increased 63 cents to $7.89 a unit. 

The yield on 10-year Treasury notes increased to 3.034%.  

Netflix increased 7.3% to $216.40 after the steaming services provider reported fewer than expected subscriber losses. 

In the second quarter, Netflix lost 970,000 subscribers, less than the previous estimate of 2 million. Moreover, earnings were ahead of expectations. 

Baker Hughes dropped 8.2% to $25.89 after the oil field services company reported sharply lower than expected earnings. 

Tesla gained 0.6% to $747.0 after the vehicle maker reported June quarter sales increased 42% to $16.9 billion from $11.96 billion a year ago.

Net income rose  rose 98% to $2.26 billion from $1.14 billion a year ago and diluted earnings per share jumped to $1.95 from $1.02 a year ago. 

Automotive gross margin declined, but still healthy, to 27.9% from 28.4% a year ago. 

Free cash flow in the quarter was nearly unchanged at $621 million from a year ago. 

Bath & Body Works, Inc increased 3.0% to $21.25 after the personal care retailer lowered its outlook for the second quarter and full-year.   

The company currently expects second quarter sales to be down six to seven percent from the last year compared to its previous guidance for a low single digit percent increase from 2021. 

The company lowered its second quarter earnings from continuing operations per diluted share to between $0.40 and $0.42 from its previous estimate of $0.60 to $0.65.

The company lowered its full year sales to be down mid-to-high-single digits from a year ago compared to its previous guidance of a low-single digit percent increase from 2021. 

Nasdaq Inc rose 6.1% to $169.04 after the exchange operator said second quarter revenues increased 6% to $893 million. 

Net income in the June quarter declined 10% to $307 million or $1.85 a share from $341 million or $2.05 a share a year ago.