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.

South Africa South Africa Latest News, South Africa South Africa Headlines

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

Nasdaq boosted by growth stocks after Netflix’s upbeat forecastNEW 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...
Source: malaymail - 🏆 1. / 86 Read more »

Nasdaq boosted by growth stocks after Netflix’s upbeat forecastNEW 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...
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 »