"The Nasdaq Composite has added approximately 2% over the past five sessions and remains in the green year-to-date, up roughly 5.7%. Renewed hostilities in the Strait of Hormuz are casting a shadow over all three major averages."
"Netflix is among the morning's brighter spots, edging up more than 1% in premarket trade after the company unveiled a $25 billion share repurchase authorization, the largest buyback commitment in its history."
"With Tehran's lead negotiator ruling out any reopening while the U.S. blockade persists, diplomats are scrambling to arrange talks by as early as Friday."
The Nasdaq Composite is down Thursday morning after a record-setting finish, with futures slipping as Wall Street reacts to earnings reports and jobless claims. Despite this pullback, the Nasdaq has gained about 2% over the past five sessions and is up roughly 5.7% year-to-date. Renewed tensions in the Strait of Hormuz are affecting market sentiment, with President Trump ordering Navy engagement against vessels mining the waterway. Netflix's share repurchase announcement is a positive highlight, while Tesla's quarterly results present a mixed outlook.
Read at 24/7 Wall St.
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