The tech-heavy Nasdaq closed down on Wednesday, weighed by streaming giant Netflix's surprise drop in subscribers which shook investor confidence in other high-growth companies, fearful they may face similar post-pandemic performance issues.
Netflix NFLX was one of the big winners of the stay-at-home trend when the pandemic initially hit, but also faced increased competition from companies such as Apple, Amazon and Disney. It’s been quite a rocky start to 2022 for the once DVD-rental company. At the beginning
The tech-heavy Nasdaq fell on Wednesday as streaming giant Netflix's first drop in subscribers in a decade shook investor confidence in other high-growth companies, fearful they may face similar post-pandemic performance issues.
In afternoon trading on Wednesday, Services stocks are the worst performing sector, showing a 0.2% loss. Within the sector, Netflix Inc (Symbol: NFLX) and Match Group Inc (Symbol: MTCH) are two large stocks that are lagging, showing a loss of 36.2% and 9.1%, respectively. Amo
The tech-heavy Nasdaq declined on Wednesday as streaming giant Netflix's first drop in subscribers in a decade pushed investors to dump other high-growth companies which may face similar post-pandemic performance issues.
Consumer stocks were broadly mixed in Wednesday trading, with the SPDR Consumer Staples Select Sector ETF (XLP) climbing 1.5% and the SPDR Consumer Discretionary Select Sector ETF (XLY) retreating 0.6%.
Netflix (NASDAQ: NFLX) stock plunged in dramatic fashion on Wednesday, losing roughly a third of its value overnight. The catalyst that had investors running for the exits was news that the streaming pioneer actually lost subscribers during the first quarter, something that hasn'
Shopify (NYSE: SHOP) stock is getting crushed today, and a company in an unrelated industry is to blame. The e-commerce services provider's share price was down roughly 10.2% as of noon ET Wednesday.
The tech-heavy Nasdaq fell on Wednesday as streaming giant Netflix slumped after shedding subscribers for the first time in a decade, dragging down shares of high-growth companies set to report results.
What happened
Shares of Shopify (NYSE: SHOP) are falling in today's trading. The company's share price was down roughly 9.5% as of 11:15 a.m. ET on Wednesday.
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which m
What happened
By now you've heard the news: Netflix (NASDAQ: NFLX) reported a huge miss in its subscriber numbers last night, and Netflix stock is in free fall this morning -- down nearly 38% as of 10:30 a.m. ET.
In trading on Wednesday, entertainment shares were relative laggards, down on the day by about 3.6%. Helping drag down the group were shares of Netflix, down about 35.8% and shares of Roblox off about 12.6% on the day.
In early trading on Wednesday, shares of ASML Holding topped the list of the day's best performing components of the Nasdaq 100 index, trading up 3.9%. Year to date, ASML Holding has lost about 19.4% of its value.
In early trading on Wednesday, shares of Omnicom Group, topped the list of the day's best performing components of the S&P 500 index, trading up 6.0%. Year to date, Omnicom Group, registers a 16.9% gain.
The tech-heavy Nasdaq fell on Wednesday as streaming giant Netflix slumped after shedding subscribers for the first time in a decade, stoking worries among investors about their bets on high-growth companies set to report results.
In this video, I will be talking about Netflix's (NASDAQ: NFLX) Q1 earnings report, why the stock crashed, and what the future holds for the company. You can find the video below, but here are some highlights.
U.S. stocks were mixed in early trading on Wednesday while oil regained some ground as investors juggled corporate earnings with what rising rates and the war in Ukraine could mean for the global economy.
Wednesday, April 20, 2022Pre-market futures are up to start this Hump Day, following a bullish session Tuesday which looks to have realigned investor sentiment toward buying into a strong second half of 2022. This seems to have continued this morning, with the Dow +145 po
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