SUPERNEWS

Macro

Dow Up 0.30%, Netflix Dips 6.3% Amid Mixed Market Signals

Dow rises 0.30% to 37,889.94 amid mixed market performance; Netflix shares fall 6.3% after Q1 earnings report.

By Athena Xu

ᐧ

4/19, 10:03 EDT
S&P 500
iShares 20+ Year Treasury Bond ETF
iShares 7-10 Year Treasury Bond ETF
Netflix, Inc.
article-main-img

Key Takeaway

  • Dow Jones gains over 100 points, contrasting with NASDAQ's 0.58% drop and S&P 500's slight decline of 0.12%.
  • Netflix shares slide despite reporting a significant increase in subscribers, adding 9.33 million to reach 269.60 million total.
  • Energy sector sees a rise by 1%, while communication services fall by 1.2%; notable movements in equities include Next.e.GO N.V.'s surge by 115%.

Mixed Market Movements

U.S. stocks exhibited mixed performance in the morning trading session, with the Dow Jones Industrial Average gaining over 100 points, reflecting a 0.30% increase to 37,889.94. In contrast, the NASDAQ Composite experienced a decline, falling 0.58% to 15,510.91, while the S&P 500 slightly dropped by 0.12% to 5,005.11. This divergence in market movements underscores the varied investor sentiment across different sectors, with energy shares leading gains by 1%, and communication services shares witnessing the most significant drop of 1.2%.

Sector Highlights and Netflix's Earnings

The energy sector outperformed, marking a 1% increase, contrasting with the 1.2% decline in communication services shares. A notable highlight was Netflix, Inc., which reported impressive earnings and sales results for its first quarter, adding 9.33 million paid net new subscribers, bringing its total to 269.60 million. Despite this positive performance, Netflix's stock dipped 6.3% due to its second-quarter revenue guidance falling short of analysts' expectations and its decision to cease providing quarterly membership data and average revenue per member.

Market Movers and International Markets

Significant movements were observed in equities trading, with Next.e.GO N.V. and Zhongchao Inc. experiencing substantial gains, while Sunshine Biopharma, iSpecimen Inc., and Tian Ruixiang Holdings Ltd saw notable declines. In the commodities market, oil and gold traded lower, while silver and copper experienced mixed movements. European shares traded lower across major indexes, with economic data indicating a narrowing trade gap in Spain and a slight improvement in consumer confidence. Meanwhile, Asian markets closed mostly lower, with Japan's Nikkei 225 and Hong Kong's Hang Seng Index experiencing declines, and India's S&P BSE Sensex posting gains.