The wall street indices are trading disparately this Friday, April 19 after the sharp drop in Netflix that weighs down the Nasdaq after his gloomy forecasts. Furthermore, he remains cautious due to fear of an escalation of the conflict in Middle East.
In that context, the Nasdaq Composite fell 251.21 points, or 1.6%, to 15,350.29 units and the Dow Jones Industrial Average rises 117.61 points, or 0.3%, to 37,892.99 units. Meanwhile, the S&P 500 index It lost 35.50 points, or 0.7%, to 4,975.62 units.
Equities were shaken this week by the readjustment of Federal Reserve expectations about him interest rate cut this year.
As he S&P 500 and Dow headed for third weekly declineMeanwhile he Nasdaq headed for its fourth consecutive weekly loss.
The collapse of Netflix drags technology companies down
Netflix plummeted 8.6% after the mediocre second-quarter forecasts from streaming video pioneer.
“(Netflix) also signaled that it will stop reporting subscriber numbers next year, which was interpreted as a sign that the current strength of customer growth could be peaking,” it said. Richard Hunterfrom the online platform Interactive Investor.
“To maintain high valuation levels, attention has been focused on the quarterly reporting season, with high expectations for the companies that file them,” he added.
American Express advances 5%, after its profits exceeded Wall Street estimates.
Wall Street: investors are cautiously watching the conflict in the Middle East
Meanwhile, on Friday explosions resounded in an Iranian city in what sources described as an Israeli attack, but Tehran downplayed the incident and indicated that he had no plans to retaliate, a response that seemed aimed at avoiding a region-wide war.
Israel anticipated its limited attack to the United States against Iran with drones and missiles. In that sense, the Secretary of State, Anthony Blinkenassured that his country ““He has not been involved in any offensive operations.”when asked about Israel’s attack on Iran.
Source: Ambito
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