The S&P 500 and Nasdaq fell on Thursday, weighed down by drops in Tesla and Netflix following their quarterly results, but the Dow advanced for a ninth straight day thanks to gains in Johnson & Johnson following a strong annual forecast.
Consumer stocks were mixed late Thursday, with the Consumer Staples Select Sector SPDR Fund (XLP) adding 0.8% and the Consumer Discretionary Select Sector SPDR Fund (XLY) slumping 3.5%.
What happened
Investors in Meta Platforms (NASDAQ: META) were in the red on Thursday. Shares of the social media giant were down 4% by 3 p.m. ET today, compared to a 0.7% drop in the S&P 500. Yet the stock is still absolutely trouncing the market so far in 2023, up 153% while
The S&P 500 and Nasdaq fell on Thursday, weighed down by drops in Tesla and Netflix following their quarterly results, but the Dow was higher for a ninth straight day thanks to gains in Johnson & Johnson following a strong annual forecast.
In afternoon trading on Thursday, Technology & Communications stocks are the worst performing sector, showing a 1.5% loss. Within that group, Monolithic Power Systems Inc (Symbol: MPWR) and SBA Communications Corp (Symbol: SBAC) are two large stocks that are lagging, showi
Consumer stocks were mixed Thursday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) adding 0.9% and the Consumer Discretionary Select Sector SPDR Fund (XLY) down 2.8%.
Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Netflix Inc (Symbol: NFLX), where a total of 436,936 contracts have traded so far, representing approximately 43.7 million underlying shares. That amounts to about 638.9
Netflix NFLX reported second-quarter 2023 earnings of $3.29 per share, which beat the Zacks Consensus Estimate by 16.25% and increased 2.8% year over year.Revenues of $8.19 billion increased 2.7% year over year but lagged the cons
The tech-heavy Nasdaq fell on Thursday, as Tesla and Netflix results underwhelmed investors, while a strong annual forecast by Johnson & Johnson set the blue-chip Dow on course for its ninth day of gains.
Investing legend Jesse Livermore once said,“There is a time to go long, a time to go short, and a time to go fishing.” Based on the market’s excess bullish sentiment, seasonality, and earnings reactions, it may be a time to go fis
The dollar rose and a gauge of global equities slid on Thursday after data once again highlighted persistent U.S. labor market strength, suggesting the Federal Reserve will keep interest rates higher for longer to curb inflation.
Canada's main stock index fell on Thursday after rising to two-month highs in the previous session, as losses in rate-sensitive technology stocks outweighed gains in energy shares.
Netflix NFLX reported mixed second-quarter 2023 results after the closing bell on Tuesday. The world's largest video streaming company topped earnings estimates while lagging on revenues. It also provided a downbeat revenue guidan
Netflix (NASDAQ: NFLX) stock dropped by 8.1% in after-hours trading on Wednesday following the release of its second-quarter results. That sell-off can be attributed to investors' disappointment that the company missed Wall Street's consensus revenue expectation, and that its thi
What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.45%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.54%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.45%. Stocks are mostly lower today, although the Dow Jones...
Lately, the Nasdaq Composite (NASDAQINDEX: ^IXIC) has played a key role in determining the direction of the overall market. Yet on Thursday morning, the Nasdaq posted a much more significant decline than other major market benchmarks right after the opening bell. The Nasdaq's mov
The S&P 500 and Nasdaq fell on Thursday, as Tesla CEO's hints about more price cuts deepened investor concerns, while Netflix slid on quarterly revenue miss.
The tech-heavy Nasdaq and the S&P 500 fell on Thursday, dragged down by Tesla over price cut concerns, while Netflix slid after its quarterly revenue missed analysts' estimates.
For the quarter ended June 2023, Netflix (NFLX) reported revenue of $8.19 billion, up 2.7% over the same period last year. EPS came in at $3.29, compared to $3.20 in the year-ago quarter.
The S&P 500 and tech-heavy Nasdaq were set for a lower open on Thursday, as Tesla CEO's hints about more price cuts deepened investor concerns, while Netflix slid as its quarterly revenue missed analysts' estimates.