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Stock market today: S&P 500 slides for 5th-straight day

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Corporate Earnings,Earnings Season,Nasdaq Composite

Investors are counting down to earnings from Netflix, the first of the 'Magnificent' group of companies to report.

US stocks finished largely in the red Thursday as April's doldrums lingered in the market and investors braced for Netflix to kick earnings season into high gear. The S&P 500 fell about 0.2% to notch its fifth-straight session of declines, its longest losing streak of the year. The Dow Jones Industrial Average hovered just above the flat line, while the Nasdaq Composite slipped 0.5%, extending tech's recent slump.

's latest quarterly results were a mixed bag: The Taiwanese chip giant cautioned on its growth outlook this year outside of its memory chips business, sending the stock over 5% lower. The company, however, flagged "insatiable" appetite for AI as it posted a quarterly profit beat. The earnings spotlight now shifts to Netflix, the first of the megacap tech companies to report.

 

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