Netflix plunges as US stocks dip on mixed earnings

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NEW YORK - Wall Street stocks fell early Thursday amid lingering uncertainty over trade talks following mixed earnings, including a lackluster report from Netflix.

Streaming video company Netflix was off around 10 percent after reporting that it added 2.7 million subscribers in the second quarter, well below expectations.

Among other large companies, IBM reported better-than-expected profits, although revenue fell from the year-ago period, while Honeywell International lifted some of its profit targets following a better-than-expected second quarter.The broad-based S&P 500 shed 0.1 percent to 2,981.41, while the tech-rich Nasdaq Composite Index also slipped 0.1 percent to 8,174.92.

 

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