The markets opened lower, continuing the trend from last week due to uncertainty surrounding tariffs imposed by the Trump administration. All major stock indices are in decline, with particularly sharp drops in energy, consumer discretionary, and technology sectors. Notably, Netflix shares rose over 3% following a strong earnings report, suggesting resilience in its subscriber base despite broader economic conditions. Other major tech stocks also suffered losses, reinforcing the negative sentiment in the market.
The markets are extending last week's sell-off, with all three of the major stock market averages in the red this morning. Stocks are lower on lingering tariff uncertainty, as the Trump administration continues to wheel and deal.
Netflix stock is rising on a better-than-expected Q1 earnings print in a sign that consumers are likely to hold onto their subscriptions even in an economic slowdown.
Collection
[
|
...
]