Shares of Netflix Inc. rallied 1.20% on a negative trading day, outperforming its competitors.
Shares of NVIDIA Corp. fell 2.77% as the stock market experienced a poor trading session, with the S&P 500 Index dropping 0.28% and the Dow Jones Industrial Average falling 0.51%.
Stocks fell on Thursday as strong earnings from Nvidia were overshadowed by comments from the Federal Reserve signaling that interest rates will remain elevated for a long time to combat inflation.
Shares of Walt Disney fell 3.9% to their lowest level in almost nine years as investors anticipate further price drops and scrutinize the company's turnaround plan after the announcement of price hikes, more ads, and cost cuts to boost the business.
Shares of Cboe Global Markets Inc. fell by 0.12% as the stock market experienced an overall poor trading session, marking the stock's third consecutive day of losses.
The Dow Jones Industrial Average fell 0.6% as major indexes tested their 50-day lines, while the S&P 500 and Nasdaq both experienced declines midday.
Microsoft Corp. shares slipped 0.20% as the stock market experienced a rough trading session, with the S&P 500 and Dow Jones Industrial Average also falling.
Shares of AMC Entertainment fell over 35% after the company announced plans to sell more than 40 million common shares, following its recent 1-for-10 reverse stock split and a decline of 84% in the last year.
Apple shares fell over 2.6% as China plans to extend a ban on iPhone use to state-owned corporations, while Dutch Bros dropped 6% after announcing a public offering of $300 million in shares, and Dave & Buster's shares fell over 3% due to weaker-than-expected earnings.
U.S. stocks fell on Tuesday, with tech stocks dragging down indexes after Apple unveiled its latest iPhone and the Justice Department's antitrust case against Google went to trial in Washington. The Nasdaq sank 1%, while the S&P 500 fell 0.6% and the Dow Jones Industrial Average closed 0.1% lower.
Netflix's stock slid 2.40% as it underperformed compared to some competitors, closing $50.31 short of its 52-week high.
Bank of America's stock fell 0.31% as the overall stock market had a mixed trading session, with the S&P 500 rising and the Dow Jones falling, ending a three-day winning streak.
Netflix shares slipped 2% after Chief Financial Officer Spencer Neumann stated that the ongoing Hollywood writers' strike is negatively impacting their business, with Neumann also expressing that the ad-supported streaming option will not boost revenue in the short term and predicting slower growth in operating margins moving forward.
Shares of Microsoft Corp. fell 2.50% as the stock market experienced a dismal trading session, ending its two-day winning streak.
Shares of Alphabet Inc. Cl A fell 0.51% as the stock market experienced a dismal trading session, although it outperformed some of its competitors.
Shares of Zoom Video Communications Inc. fell 1.83% as the stock market experienced a grim trading session, marking the third consecutive day of losses for the company.
Shares of Canopy Growth Corp. fell 11.54% after a rough trading session for the Canadian market.
Shares of Open Text Corp. fell 0.80% as the Canadian market declined, with the S&P/TSX Composite Index falling 0.02% and the company closing C$8.27 short of its 52-week high.
Shares of Tesla Inc. TSLA fell 2.62% to $255.70 as the stock market experienced a poor trading session, with NASDAQ and Dow Jones also declining.
Starbucks Corp. shares dropped by 2.16% as the stock market took a hit, resulting in their third consecutive day of losses.
Shares of Ford Motor Co. slumped 0.32% as the stock experienced its second consecutive day of losses, closing $3.03 short of its 52-week high.
Shares of Carnival Corp. fell in choppy trading after the cruise operator reported its first quarterly profit since before the COVID pandemic but provided a downbeat outlook, with the stock on track to suffer a fifth-straight weekly loss.
U.S. stocks mostly fell as investors considered the latest inflation data from the Federal Reserve, marking the end of a turbulent month for the market.
Shares of Coca-Cola Co. fell 4.1% due to concerns about high interest rates and a slowing job market impacting the U.S. economy.