Shares of Netflix Inc. rallied 1.20% on a negative trading day, outperforming its competitors.
Shares of Netflix Inc. rose 0.49% as the stock market had a positive trading session, although it underperformed compared to some of its competitors.
Tesla's stock slid 1.78% as the overall stock market experienced a rough trading session.
Shares of Netflix Inc. fell 0.65% on a rough trading session for the stock market.
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.
Stocks slid as fears of higher interest rates, a decline in consumer confidence, and a potential government shutdown weighed on investor sentiment, leading to losses in the S&P 500 and Dow Jones Industrial Average.
Netflix stock experienced a loss of 1.98% in the recent trading session, falling behind the S&P 500's gain, and analysts are anticipating the company's upcoming earnings release with expectations of year-over-year growth.
