Netflix Drops 10% on Weak Subscriber Counts

Netflix Drops 10% on Weak Subscriber Counts

Brian Mackey, deputy director of research at Adviser Investments, has the market analysis for Thursday, July 18. Major U.S. indexes rebounded following two consecutive down days, with the Dow Jones Industrial Average seeing fractional gains, the S&P 500 up 0.4% and the NASDAQ Composite rising 0.3%. Although markets began with flat trading, they responded positively to late-day remarks from New York Fed President, John Williams, signaling an imminent potential rate cut. Meanwhile, Netflix’s stock tumbled 10% on weak quarterly subscriber counts. Netflix lost 130,000 U.S. subscribers during the second quarter—its first drop since 2011. On the earnings front, Microsoft rose nearly 3% in after-hours trading after reporting nearly $33 billion in quarterly revenue. This marks a 12% sales gain, topping analyst projections by nearly $1 billion.

 

Recent Videos

View All Videos

Lowell on CNBC: Nervous Markets Call for a Balanced, Disciplined Investment Approach

Lowell on CNBC: Perspective on Dow’s 800-Point Drop

Stock Indexes Decline 3% but Long-Term Prospects Remain Strong

Lowell on CNBC: Current Market Offers Long-Term Opportunity

85 Wells Avenue, Suite 109 Newton, MA, 02459

info@adviserinvestments.com 1.800.492.6868

Adviser Investments' logo is a registered trademark of Adviser Investments, LLC.