Nasdaq boosted by growth stocks after Netflix’s upbeat forecast

NEW YORK, July 20 — The Nasdaq rose today after a positive forecast from Netflix added to a largely upbeat second-quarter earnings from US companies against the backdrop of rising recession fears from the Federal Reserve’s efforts to tame surging inflation.

“Right now, investors seem more willing to reward than to punish because there’s already a lot of pessimism baked into trader sentiment,” said Steve Sosnick, chief strategist at Interactive Brokers. Runaway inflation initially led markets to price in a full 100-basis-point hike in interest rates at the Fed’s upcoming meeting next week, until some policymakers signaled a 75-basis-point increase.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

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

US stocks boosted by Goldman results, Boeing orderNEW YORK, July 18 — Wall Street stocks rose early today, extending a rally that started last week as markets digested solid earnings from Goldman Sachs and a big new Boeing plane...
Source: malaymail - 🏆 1. / 86 Read more »

Wall Street closes sharply higher on strong corporate earningsNEW YORK, July 20 — US stocks closed with sharp gains yesterday as more companies joined big banks in reporting earnings that beat forecasts, offering respite to investors...
Source: malaymail - 🏆 1. / 86 Read more »