Wall Street falls as Netflix adds to earnings jitters

📆 7/18/2019 2:18 PM
📰 ChannelNewsAsia

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U.S. stock futures slipped on Thursday after streaming pioneer Netflix posted its first drop in U.S. subscribers since 2011, kicking off earnings ...

REUTERS: Wall Street's main indexes were set for their third day of losses on Thursday, as Netflix reported a surprise fall in U.S. subscribers in a downbeat start to results from high-growth companies.

Investors are looking for concrete developments in trade talks between the United States and China, while they await the Federal Reserve's policy meeting at the end of July where the central bank is widely expected to cut interest rates. International Business Machines Corp rose 3.8per cent as its quarterly profit beat on strong growth in its high-margin cloud business.

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