Netflix Down 6% On Wells Fargo Downgrade; Xenon Halts Depression Drug Trial Enrollment On Side-Effect Concerns, Shares Plunge 22%

Tiger Newspress09-18 21:30

S&P 500 futures were relatively unchanged on Friday, a day after the major averages rose following Wednesday’s first Federal Reserve interest rate hike in three years.

Futures tied to the broad market index fell 0.1% and Nasdaq-100 futures were up by 0.1%. Dow Jones Industrial Average futures shed 166 points, or 0.3%.

Netflix shares dropped on Friday, bucking broader market strength, after Wells Fargo downgraded the stock, citing "worrying" engagement trends.

Xenon Pharmaceuticals opens new tab on Thursday said it has temporarily paused enrolling new patients in clinical studies testing its experimental drug for ‌major and bipolar depression, following reports of mental and nervous system-related side effects.

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