Netflix shares lost a quarter of their value on Wall Street. The cause of the decline was due to the company reporting its first drop in subscribers in a decade.
For its part, Facebook fell 5.6% and Paypal fell 5.8%. In turn, the greatest promotions went to Petrobras (+4.1%), Walmart (+3.9%) and Coca Cola (+3.9%).
As for the Cedears ETFs, the DIA, which replicates the Dow Jones index, grew 3.6% and the innovation ARKK was the only one that fell with 3.5%.
This day the total volume in equities was $3,551 million, 74% corresponded to Cedears with $2,658 million, while 25%, $893 million, was for Argentine stocks.
On Wall Street, the indices closed unevenly. The S&P 500 lost 2.26 points, or 0.05%, to finish at 4,459.40, while the Nasdaq fell 166.59 points, or 1.2%, to 13,453.07. The Dow Jones Industrial Average rose 250.78 points, or 0.7%, to 35,161.98.
In New York, Netflix’s fall dragged down other streaming companies like Walt Disney, Roku and Warner Bros Discovery. Zoom Video Communications, Doordash and Peloton Interactive also suffered as well as PayPal Holdings Inc, Block Inc, Marketa Inc and SoFi Technologies Inc.
“Wall Street continues to seek a breather after the recent weakness, even in an environment of growing volatility, not only due to the escalation in rates and geopolitical tensions, but also due to the ups and downs in mood imposed by the balance sheets,” said Gustavo Ber .
Source: Ambito
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