California Shutdown Reverses Stock Market Surge In Frenetic Last Hour Of Trade: Netflix, Disney Shares Lose Ground

  • 📰 DEADLINE
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

California Shutdown News Reversed Stock Market Surge In Frenetic Last Hour Of Trade: Netflix, Disney Shares Lose Ground

County Public Health Director Barbara Ferrer announced shortly after that the indoor closure list includes “offices for all non-critical sectors.”The move came as the state revealved 8,358 new cases reported over the past 24 hours and 7,000 deaths.

Other states are tightening up social distancing restrictions and big Wall Street firms are joining health officials in noting the urgency of masks. Goldman Sachs said last week that a national mask mandate could prevent a 5% drop in GDP. The DJIA ended basically flat , the S&P 500 closed down by 0.94%. The Nasdaq was hardest hit, finishing the session down 2.3%.

It was the unoffical kickoff of earnings that included strong numbers for PepsiCo which revealed an unsurprising bonanza in snack sales last quarter. Banks report tomorrow. Netflix, the first big cap media company in the lineup, announces earnings Thursday. It’s shares closed down 4.23%, a major dip for the streaming giant that’s been a sector leader throughought the pandemic.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 109. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The top shows on streaming services like Netflix, HBO Max, and Disney Plus this week - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »