Wall Street painted red;  The Nasdaq drops 2.3%, Netflix dips 23%

Trading Review: Current Reports, Trends, Indices, Stocks, Bonds, Forex and Commodities and Analyst Recommendations

22:22

New York stock exchanges are painted red: the Dow is down 1.1%, the S&P 500 is down 1.7%, the Nasdaq is down 2.4% following a 23% Netflix share.

The Nasdaq is down more than 7% since Monday, making it the worst week since October 2020. The Dow and S&P 500 are also on track for a third consecutive week of losses.

Netflix is ​​the first major technology company to release quarterly reports, with Apple and Tesla set to release their reports next week. Tesla lost almost 4% today. Amazon and Meta were down 3.6% and 2%, respectively.

20:53

The negative trend in New York continues. The Dow is down 0.4%, the S&P 500 is down 0.8%, the Nasdaq is down 1.3% following a Netflix share that dives 20% after the release of disappointing reports and encouraging forecasts.

Pluto fell 23.9% during trading yesterday after CNBC reported that the company was temporarily halting production of its fitness products. However, the maker of exercise bikes and treadmills is showing signs of recovery today, rising by 15%.

19:08

After a slight recovery earlier in the day, Wall Street stock markets are down again. The Dow is down 0.3%, the S&P 500 is down 0.6%, and the Nasdaq is down 0.9% following a 20% Netflix share.

European stock markets closed down: the London Stock Exchange was down 1.2%, the German Stock Exchange was down almost 2%, the Paris Stock Exchange was down 1.75% and the Italian Stock Exchange was down 1.8%.

18:00

A slight recovery is recorded on Wall Street; The Dow has moved to slight gains of 0.2%, the S&P 500 is down 0.2%, the Nasdaq is down 0.5% following a Netflix share that dips by about 24%.

17:20

The depth of the declines on Wall Street; The Dow is down 0.5%, the S&P 500 is down 1.2%, the Nasdaq is down 1.8% following a 25% Netflix share.

16:30

Wall Street stock exchanges opened today, the last day of overseas trading week, in declines.

The Dow is down slightly 0.2% with the opening of trading, the S&P 500 is down 0.5%, the Nasdaq is down 0.7% following a 21% Netflix share dip, and is on its way to the worst week since October 2020.

The streaming giant last night released the reports for the last quarter of the year. The company posted earnings of $ 1.33 per share, on revenue of $ 7.71 billion.

The company topped market forecasts of 84-82 cents a share in the fourth quarter – an increase from $ 1.19 a share in the same quarter in 2020, but the slowest growth in recent years. In terms of revenue, forecasts estimated a 16% increase over last year to a level of $ 7.71 billion and as stated it met forecasts. In the same period last year, the company recorded revenue of $ 6.64 billion.

The company also said it expects an increase of only 2.5 million subscribers in the first quarter of 2022, compared to the 3.98 million added in the first quarter of 2021.

Although the company’s profit did not decrease compared to the corresponding period in 2020, but compared to the previous quarters of 2021 it was cut by more than half. In the third quarter it posted earnings of $ 3.19 per share, in the second quarter earnings were $ 2.97 per share and in the first quarter $ 3.75.

Netflix is ​​the first major technology company to release financial statements during this period, with Apple and Tesla set to release their financial statements next week.

Pluto fell 23.9% during trading yesterday after CNBC reported that the company was temporarily halting production of its fitness products. However, the maker of exercise bikes and treadmills is showing signs of recovery today, and at this time it is recording an increase of about 4%.

The price of bitcoin has fallen sharply and has fallen by over 7% in the last 24 hours, the value of the currency stands at $ 38,447. The price of etherium has also plunged by 8% in the last 24 hours and now stands at $ 2,792.

13:47

The declines in US futures are weakening, the Nasdaq contract is down 0.9%, the Dow Jones contract is down 0.23% and the S&P 500 contract is down 0.47%.

One reason for the declines is the disappointment from Netflix reports released last night that showed a decline in user growth.

Shares of fitness and running bike maker Pluto are recovering in early trading and climbing 7.3%, after erasing about a quarter of its value in trading on Wall Street last night.

In Europe, the leading indices continue to fall – Dax and Kak fall by 1.5% and Potsey falls by 0.86%.

12:09

European stocks continue to decline at this time as well, with the DAX declining 1.34%, Kak deleting 1.28% and Potsey shedding 0.83% of its value. Stokes 600 is down 1.25%.

Shares of Siemens Gamesa continue to fall, at 12.14% at this time.

Will the Wall Street indices fall tonight as well? Futures on U.S. indices are also down – the contract on the Nasdaq is down 1.3%, the contract on the S&P 500 is down 1.1% and the contract on the Dow Jones is down 0.9%.

10:41

European stock markets opened with price declines against the background of declines this morning in Asia and last night on Wall Street. Kak in France is down 1.48%, Dax in Germany is losing 1.29% of its value and Potsey in the UK is down 0.9%. The All-European Stokes 600 Index is down 1.5%.

Shares of wind turbine maker Siemens Gamesa crashed 13.14% after updating its revenue forecast for the coming year. Shares of parent company Siemens Energy are deleting over 9% following the report.

The British-Australian drilling and resources company Rio Tinto has lost its lithium exploration rights in Serbia, after the country announced environmental concerns. Its stock is down 2.9%.

The UK Consumer Confidence Index fell to 19 January from 15 December, its lowest level since February 2021.

08:02

The price of Bitcoin has fallen sharply and has fallen by over 7% in the last 24 hours, the value of the currency is $ 38.5774, according to the CoinDesk website. The price of etherium has also plunged 8% in the last 24 hours and now stands at $ 2,860.

In total, the crypto market has written off about $ 147 billion in the last day, according to Coinmarketcap.

07:32

Sharp price declines on Asian stock markets this morning (Friday) after a red night on Wall Street, Nikkei in Japan fell 1.63%, the Shanghai Composite Index fell 0.84% ​​and the Hang Seng shed 0.75% of its value. The ASX index in Australia crashes 2.26%, Kospi in South Korea erases 1.47%.

The automotive sector in Japan is absorbing bumps, Toyota shares are deleting a 3% campaign, Mazda is down 4.67% and Mitsubishi is falling close to 5%.

Japanese tech stocks are also falling as a result of their American companies – Sony is down 2.13% and Softbank is losing 1.72%.

In the data segment, the consumer price index in Japan rose by 0.5% in December compared to the same period last year – the fastest rate at which it has risen in Japan in the past two years. The reason for the increase is an increase in the price of various raw materials and fuel prices.

Oil prices are down slightly after several days of gains, Crude crude is down 2.29% to $ 83.59 a barrel and Brent barrels are down 2%.

Last night, the trading day on Wall Street, which began with strong gains of close to 2% on the Nasdaq, closed in bright red. The Nasdaq fell 1.3%, the S&P 500 dropped 1.1% and the Dow Jones lost 0.9%. The technology sector alone fell by 1.2%, the energy sector shed 0.8% against the background of falling oil prices.

The streaming giant Netflix crashed 17% in late trading on Wall Street after the reports for the last quarter of the year were published. The company reported earnings of $ 1.33 per share, with revenue of $ 7.71 billion. Above forecasts – but a significant decrease compared to the previous quarter.

By Editor

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