Johnson & Johnson (NYSE: JNJ) reduced its full-year sales and adjusted earnings guidance on Tuesday. IBM (NYSE: IBM) lowered its free cash flow outlook for 2022 on Monday. Citi cut its price target for Microsoft (NASDAQ: MSFT) this week as well.
A U.S. House of Representatives committee approved on Wednesday a bill to create the first U.S. privacy law limiting personal information collected online by companies like Alphabet's Google and Meta's Facebook.
What Happened
The Trade Desk (NASDAQ: TTD) saw its stock price rise over 10% during trading on Wednesday; it was still up 8.17%, or $49.78, at the close of trading. Overall, the Dow finished up 51 points, while the Nasdaq gained 184 points, or 1.58%.
U.S. stocks ended higher on Wednesday with the tech-heavy Nasdaq booking a 1.6 % gain on positive earnings signals with a wary eye on inflation and more interest rate hikes by the Fed.
Wall Street closed higher on Wednesday with the tech-heavy Nasdaq booking a nearly 2% gain on positive earnings signals with a wary eye on inflation and more interest rate hikes by the Fed.
Technology stocks continue to lead Wednesday's broader market advance, with the SPDR Technology Select Sector ETF (XLK) rising 1.6% while the Philadelphia Semiconductor Index was gaining 2.5% this afternoon.
Netflix NFLX shares have plunged in 2022. The chart below illustrates the performance of Netflix shares year-to-date compared to a few peers, Roku ROKU and Disney DIS.
The tech-heavy Nasdaq climbed over 1% on Wednesday as investors digest the latest earnings as positive signals of the economy, albeit rising concerns on inflation and a tightening Fed.
Technology stocks were leading Wednesday's broader markets advance, with the SPDR Technology Select Sector ETF (XLK) rising 1.2% while the Philadelphia Semiconductor Index was gaining 1.5% this afternoon.
The Nasdaq gained nearly 2% on Wednesday after a positive forecast from Netflix added to largely upbeat second-quarter earnings from U.S. companies amid rising recession fears due to the Federal Reserve's efforts to tame surging inflation.
The Nasdaq rose on Wednesday after a positive forecast from Netflix added to a largely upbeat second-quarter earnings from U.S. companies against the backdrop of rising recession fears from the Federal Reserve's efforts to tame surging inflation.
Netflix NFLX spread optimism after reporting solid second-quarter 2022 results after the closing bell on Tuesday. The world's largest video streaming company lost fewer-than-expected subscribers and guided for a subscriber gain for the current quarter.As such, shares of N
The market expects SS&C Technologies (SSNC) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended June 2022. This widely-known consensus outlook is important in assessing the company's earnings picture, but a
IBM's (NYSE: IBM) stock dipped 4% during after-hours trading on July 18 following its second-quarter earnings release. The tech giant's revenue rose 9% year over year (16% on a constant-currency basis) to $15.5 billion, which beat analyst estimates by $360 million. Those growth r
In this video, I will go over Netflix's (NASDAQ: NFLX) Q2 earnings report and explain why shares are up when revenue estimates missed and the company still lost close to 1 million subscribers.
Videogame sales in the United States are slowing at a rapid pace after having hit record highs over the past couple of years. While rising prices are curtailing consumer discretionary purchases and prompting cautious spending on necessities, there are several other challe
This year has been tough for Netflix (NASDAQ: NFLX) investors. In the first quarter, after announcing its first subscriber loss in more than a decade, the stock shed a third of its value overnight. To make matters worse, Netflix management predicted more pain to come and forecast
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