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HomeUncategorizedNetflix Helps The S&P 500 And Nasdaq Gain On Friday

Netflix Helps The S&P 500 And Nasdaq Gain On Friday

With aid from Netflix and Alphabet, the Nasdaq Composite increased on Friday as investors fought to hold onto the January gain and earnings reports began to stream in.

While the S&P 500 increased by 0.4%, the tech-focused stock index increased by 1%. By 49 points, or 0.2%, the Dow Jones Industrial Average decreased.

Netflix increased by 7% despite its quarterly earnings falling short of analysts’ expectations due to higher-than-expected subscriber growth. After the business revealed it will let go of 12,000 employees, Alphabet’s stock increased by 5%.

All three indices are expected to close lower for the whole week. With a more than 3% decline, the Dow is on pace for its worst week since September. The S&P 500 has down more than 2% and may have had its worst week since December.

Source (CNBC)

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