Netflix plunges 25% post-market, all eyes on Tesla earnings [Video]
Netflix plunged more than 25% in afterhours trading after announcing that subscriptions fell by 200,000 in Q1.
The Netflix stock price carnage is sure to bring down the good mood of the Nasdaq, which rebounded more than 2% yesterday. Nasdaq futures are pointing lower at the time of writing.
European markets traded in the red on the escalation in Ukraine as Russia launched the “second phase” of the war in eastern Ukraine. Futures point to a positive start, but risks remain tilted to the downside.
Major US indices traded in the green on Tuesday, despite discouraging news that the IMF and World Bank cut growth forecasts and warned of higher inflation, Chinese data showed a significant slowdown in the economy. economic activity – which could add to inflationary pressures, and St Louis Fed Chairman James Bullard said he would not rule out a 75 basis point hike in US rates, even if it is not his “basic scenario” for the May meeting.
US yields rose, the dollar gained and the yen fell to its lowest level in two decades against the greenback, suggesting that it may soon be time for a downward correction.
Today, Tesla will announce its first quarter results and Barron’s warns that the results could disappoint.