Going downnn :(-To The Moon - Tiger Brokers Online Investing Community - To The Moon

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sqsq123
2021-04-21

Going downnn :(

S&P 500 futures fall slightly in overnight trading, Netflix shares tank

Stock futures fell slightly in overnight trading Tuesday amid a sharp decline in Netflix shares, poi

S&P 500 futures fall slightly in overnight trading, Netflix shares tank

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Glenna
·2021-04-21
probably time to wait and buy
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Futures on the Dow Jones Industrial Average traded near the flat line.\nNetflixshares plunged about 9% in extended trading afterthe streaming giant reportedsubscriber additions that fell far short of Wall Street estimates as the demand surge from the pandemic started to fade. Netflix posted better-than-expected earnings for the first quarter, however.\nWall Street suffered back-to-back losses as reopening plays led the market lower amid renewed concerns about rising new Covid cases globally. The Dow fell 250 points on Tuesday for its worst daily performance since March 23, while the S&P 500 and the Nasdaq slid 0.7% and 0.9%, respectively.\nUnited Airlinesplunged 8.5% on Tuesday after the carrier reported its fifth consecutive quarterly loss and said that business and international travel is still far from a recovery. The State Department said it would increase “do not travel” advisories to 80% of the world’s countries, adding that the pandemic presents an “unprecedented risk to travelers.”\nThe Cboe Volatility Index, also known as the VIX or the market’s fear gauge, rose for two consecutive days, landing above 18 after hitting a 14-month low last week.\nCompanies have been handing in solid quarterly results, but the bar is high for earnings to lift the stock market higher after a strong rally to record highs this year. 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