"After a record session for the Dow, markets are little changed. At the moment, the Dow is down about five points. The S&P 500 is up about four, with the NASDAQ down about 36 points. Not helping, Netflix ( NASDAQ: NFLX) slumped after posting an earnings miss. Its EPS of $5.87 was below expectations for $6.97, thanks to a dispute with Brazilian tax authorities. Revenue of $11.51 billion was in line, though. Moving forward, Tesla ( NASDAQ: TSLA) will post earnings after the bell."
"As he recently said at the White House, "I think we're going to have a very successful meeting. Certainly, there are a lot of people that are waiting for it. Maybe it won't happen. Maybe it won't happen. Things can happen where, for instance, maybe somebody will say, 'I don't want to meet, it's too nasty.' But it's really not nasty, it's just business.""
Markets showed little net movement following a record Dow session, with the Dow down roughly five points, the S&P 500 up about four, and the NASDAQ down about 36 points. Netflix reported an earnings miss with EPS of $5.87 versus expectations of $6.97, citing a dispute with Brazilian tax authorities, while revenue matched forecasts at $11.51 billion. Tesla is slated to report earnings after the close, and additional results from major mega-cap companies are expected. Uncertainty surrounds a potential meeting between President Trump and Xi Jinping, raising concerns about trade tensions and possible higher tariffs. Shares of Beyond Meat experienced sharp gains amid heavy short covering and news of an expanded partnership with Walmart.
Read at 24/7 Wall St.
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