Category: Market Summary
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Netflix Reports Strong Q1 Earnings, But Faces Skepticism Over Future Growth
Netflix Inc. (NASDAQ:NFLIX) announced its financial results for the first quarter of 2024 after the closing bell yesterday, showcasing robust earnings that surpassed expectations with significant growth in both revenue and subscribers. However, the market reacted with skepticism, questioning the sustainability of this growth as the company’s shares took a hit in after-hours trading. Despite…
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Nasdaq, S&P 500 Extend Losing Streaks To Five Days
After once again failing to sustain an early upward move, stocks came under pressure over the course of the trading session on Thursday. The major averages pulled back well off their highs of the session, with the Nasdaq and the S&P 500 ending the day in negative territory. Reflecting weakness in the tech sector, the…
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Netflix Set to Unveil Q1 2024 Earnings Amid Subscription Growth and Rumors of Price Increases
Netflix (NASDAQ:NFLX) is poised to announce its financial results for the first quarter of 2024 after the US stock markets close on Thursday. Wall Street analysts are projecting a notable increase in revenues and earnings, with expectations set for the video-on-demand streaming giant to post earnings of $9.27 billion for the quarter, up from $8.2…
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U.S. Futures Rebound Amid Global Market Fluctuations, Oil Prices Decline
U.S. index futures are rising in pre-market trading on Thursday, following four consecutive days of losses for the S&P 500 and Nasdaq. As of 6:27 AM, Dow Jones Industrial Average futures (DOWI:DJI) were up 68 points, or 0.18%. S&P 500 futures advanced 0.20%, and Nasdaq-100 futures gained 0.25%. The yield on 10-year Treasury notes was…
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U.S. Stocks Move Mostly Lower Amid Ongoing Interest Rate Worries
After showing a lack of direction early in the session, stocks have moved mostly lower over the course of the trading day on Wednesday. The major averages have all moved to the downside after ending the previous session narrowly mixed. The major averages have climbed well off their worst levels in recent trading but are…
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US Index Futures See Gains, Oil Prices Dip
U.S. index futures displayed positive performance in pre-market trading on Wednesday, with S&P 500 aiming to halt a downward trend that persisted over the last three consecutive days. As of 6:23 AM, Dow Jones futures (DOWI:DJI) were up 146 points, or 0.39%. S&P 500 futures rose 0.36%, and Nasdaq-100 futures increased by 0.22%. The yield…
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U.S. Stocks Finish Lackluster Session Narrowly Mixed
Stocks showed a lack of direction over the course of the trading day on Tuesday, as traders took a breather following the sell-off seen over the two previous sessions. The major averages bounced back and forth across the unchanged line before eventually closing narrowly mixed. While the Dow (DOWI:DJI) rose 63.86 points or 0.2 percent…
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U.S. Index Futures Signal Mixed Trading, Oil Prices Dip
U.S. index futures are mixed in pre-market trading this Tuesday, with the Dow Jones aiming to break a six-day losing streak. At 6:26 AM, the Dow Jones futures (DOWI:DJI) were up 65 points, or 0.17%. The S&P 500 futures fell -0.26%, and the Nasdaq-100 futures lost -0.39%. The 10-year Treasury yield was at 4.649%. In…
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U.S. Stocks Extend Sell-Off As Treasury Yields Surge After Retail Sales Data
Following the steep drop seen last Friday, stocks showed another substantial move to the downside over the course of the trading session on Monday. The major averages moved notably higher early in the session but pulled back sharply as the day progressed. The major averages all closed firmly in the red, with the tech-heavy Nasdaq…
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Goldman Sachs’ Q1 net revenue totals $14.21B
Goldman Sachs Group Inc. (NYSE:GS) announced on Monday that its net revenue for the first quarter of 2024 was $14.21 billion, while net earnings were $4.13 billion. According to the report, diluted earnings per common share (EPS) stood at $11.58, and the annualized return on average common shareholders’ equity (ROE) was 14.8% for the there…