"Netflix and Chip Stocks Drag Nasdaq, AmEx Lifts Dow: Market Update"
TL;DR
The Nasdaq and S&P 500 declined as Netflix's disappointing quarterly forecast and chip-related stocks dragged down the market, while the Dow was lifted by American Express exceeding profit estimates. The possibility of a Federal Reserve interest rate cut diminished, leading to weekly losses for all three indexes. Amidst this, Paramount Global's shares surged on news of a potential buyout bid from Sony and Apollo, while Fifth Third Bancorp also saw gains after beating first-quarter profit estimates.
- Nasdaq lags peers as Netflix, chip stocks drag; AmEx lifts Dow Reuters
- S&P 500 heads for sixth straight loss, Nasdaq drops 1% as Netflix declines: Live updates CNBC
- Stock Market Today: S&P 500 falls as major U.S. equities indexes trade mostly lower MarketWatch
- Netflix, Super Micro, Paramount, American Express, DJT, Tesla, and More Movers Barron's
- Midday movers: Netflix, Super Micro fall; Paramount Global gains Investing.com
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