S&P 500 holds above 4,450 while Nasdaq 100 underperforms as Netflix shares take post-earnings battering

  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 72%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

S&P 500 holds above 4,450 while Nasdaq 100 underperforms as Netflix shares take post-earnings battering By Frank_Macro SP500 Equities

adly after the company reported a surprise drop in subscribers. The company blamed its first decline in subscribers in decades on the Russo-Ukraine war and competition from rivals such as Disney+, though analysts also noted the global post-pandemic “reopening” effect also taking its toll.

Decent earnings from consumer staples giant Procter & Gamble and IT giant IBM helped lift cyclical and value equity market sectors which are disproportionately represented in the Dow. The S&P 500 GICS Consumer Staples sector was last up 1.4%, Real Estate was last up 1.8% and Health Care was last up 1.2%.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 14. in BE

Belgique Dernières Nouvelles, Belgique Actualités