Netflix (NASDAQ: NFLX) shareholders can at least be thankful that the rout the stock suffered Friday morning after it released its fourth-quarter earnings report didn't get any worse. At the close of trading, the streamer's shares were down by 21.8%, a slight improvement over the
Consumer stocks were broadly mixed in Friday trading, with the SPDR Consumer Staples Select Sector ETF (XLP) climbing less than 0.1% while the SPDR Consumer Discretionary Select Sector ETF (XLY) was sinking 2.6%.
Wall Street's main indexes ended sharply lower on Friday as Netflix shares plunged after a weak earnings report that also weighed on rivals, and stocks ended a gloomy week on a sour note.
Are These Top Cyclical Stocks Worth Watching Now?While cyclical stocks may not be in the best position in the stock market today, investors may not want to dismiss the sector entirely. For one thing, some of the biggest cyclical firms are taking a breather amidst the current down
Risk aversion dominated markets on Friday as stocks slumped on Wall Street and in Europe, oil prices fell from seven-year highs earlier in the week and bond prices surged with traders scurrying for the relative safety of government debt.
It's been an ugly time for Wall Street this January, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) has seen the most damage. The Nasdaq was down another 222 points, or 1.6%, to 13,933 as of 1:30 p.m. ET, and that left it down more than 14% from its best levels of all time.
What happened
Shares of e-commerce and cloud computing giant Amazon (NASDAQ: AMZN) are taking a punch in the gut today. Despite the stock already having slid sharply year to date, shares fell more than 4% on Friday. As of 1:25 p.m. ET, the stock was down 4.2%.
Wall Street's main indexes dropped on Friday as Netflix shares plunged after a weak earnings report that also weighed on rivals, putting stocks on course to close out a gloomy week on a sour note.
Consumer stocks were broadly mixed in Friday trading, with the SPDR Consumer Staples Select Sector ETF (XLP) climbing 0.4% while the SPDR Consumer Discretionary Select Sector ETF (XLY) was sinking 1.7%.
It was a tough holiday-shortened week for the U.S. markets, as rising Treasury yields weighed on sentiment. The Dow Jones Industrial Average (DJI) closed Tuesday with a staggering 543-point drop, while the S&P 500 (SPX) and Nasdaq (IXIC) fell as well. The next two days were
Wall Street's main indexes fell on Friday, with the Nasdaq set for its fourth straight day of declines after a weak forecast from Netflix sent its shares along with other streaming companies spiraling lower.
Netflix NFLX reported fourth-quarter 2021 earnings of $1.33 per share, beating the Zacks Consensus Estimate by 62.2% and the company’s guidance of 80 cents. The figure increased 11.8% year over year.Revenues of $7.71 billion increased 16% year over year and beat the conse
AMC Entertainment Holdings (NYSE: AMC), Roku (NASDAQ: ROKU), and AT&T (NYSE: T) probably weren't popping open bottles of champagne after the brutal quarterly report out of Netflix (NASDAQ: NFLX). The leading premium streaming video service falling short of expectations for it
What happened
The markets opened with a thud today. Shares of streaming platform Netflix (NASDAQ: NFLX) sank 20.7% to start the trading day at 9:30 a.m. ET, with investors pricing in slower subscriber growth. However, as of that same time, cryptocurrency Loopring (CRYPTO: LRC) ha
The poor showing on subscription guidance for Netflix NFLX yesterday has rippled through tech-world in Friday pre-market activity; the streaming leader, missing growth projections on net adds by a wide margin, is -20% ahead of today’s opening bell. Almost as fruit from th
What happened
Shares of Netflix (NASDAQ: NFLX) plummeted 25% out of the gate Friday morning after its fourth-quarter earnings report revealed slower-than-expected subscriber growth and forecast future subscriber additions that seem to be falling off the table edge. As of 10:52 a.
In early trading on Friday, shares of Peloton Interactive topped the list of the day's best performing components of the Nasdaq 100 index, trading up 3.8%. Year to date, Peloton Interactive has lost about 29.7% of its value.
In early trading on Friday, shares of Church & Dwight topped the list of the day's best performing components of the S&P 500 index, trading up 2.0%. Year to date, Church & Dwight Co Inc registers a 1.4% gain.
Friday, January 21, 2022The poor showing on subscription guidance for Netflix NFLX yesterday has rippled through tech-world in Friday pre-market activity; the streaming leader, missing growth projections on net adds by a wide margin, is -20% ahead of today’s opening bell.