Yahoo Finance Daily
Nasdaq falls as Tesla, Netflix sink; Dow eyes 9th day of gains: Stock Market News Today
Thu Jul 20 2023Description
Stocks were mixed during Thursday's session as the NASDAQ fell after Tesla and Netflix updates took the shine off the earnings season. The tech-heavy NASDAQ composite was down more than 1.5% in midday trading while the S&P 500 was down a more modest 0.4%. The Dow Jones Industrial Average was up 0.7% on the back of banks and a surge from Johnson & Johnson, aiming for its ninth straight day of gains.
Insights
Tech Stocks Decline
The tech-heavy NASDAQ composite was down more than 1.5% in midday trading while the S&P 500 was down a more modest 0.4%.
Positive Performance for Dow Jones Industrial Average
The Dow Jones Industrial Average was up 0.7% on the back of banks and a surge from Johnson & Johnson, aiming for its ninth straight day of gains.
Tesla and Netflix Stocks Decline
Tesla is down over 8%, having its worst day in exactly three months since it reported Q1 earnings, pushing the consumer discretionary sector into last place today, down over 2.5%. Netflix stocks sank another 9% after falling immediately following the release of their quarterly earnings, which saw second quarter sales and third quarter revenue projections miss consensus estimates.
Carvana and Green Realty Corp Experience Significant Drops
Carvana shares fell by15% after a surge on an announced debt exchange deal. A sell green Realty Corp fell more than10% as leasing demand decreased from the previous quarter.
Equifax Shares Sink After Forecast Misses Estimates
Equifax shares sank more than10% after their third quarter forecast missed estimates.
Strong Performance in Airline Industry
American Airlines reported record second quarter revenue of $14.1 billion, United Airlines boasted record earnings per share of $5.3, and Delta Airlines reported record revenue for the second quarter of $14.6 billion, showing robust demand in the airline industry.
Drop in Sales of Previously Owned Homes
Sales of previously owned homes dropped by3.3 percent in June compared to May, with June home sales being18.9% lower compared to last year due to fewer options available for potential buyers.
Chapters
- Stocks Mixed During Thursday's Session
- Netflix and Tesla Stocks Decline
- Carvana and Green Realty Corp Experience Significant Drops
- Equifax Shares Sink After Forecast Misses Estimates
- Strong Performance in Airline Industry
- Drop in Sales of Previously Owned Homes
Stocks Mixed During Thursday's Session
00:00 - 03:40
- The tech-heavy NASDAQ composite was down more than 1.5% in midday trading while the S&P 500 was down a more modest 0.4%.
- The Dow Jones Industrial Average was up 0.7% on the back of banks and a surge from Johnson & Johnson, aiming for its ninth straight day of gains.
- Tesla is down over 8%, having its worst day in exactly three months since it reported Q1 earnings, pushing the consumer discretionary sector into last place today, down over 2.5%.
- Amazon dropping nearly 3% isn't helping.
Netflix and Tesla Stocks Decline
00:00 - 03:40
- Netflix stocks sank another 9% after falling immediately following the release of their quarterly earnings, which saw second quarter sales and third quarter revenue projections miss consensus estimates.
- Tesla is down over 8%, having its worst day in exactly three months since it reported Q1 earnings, pushing the consumer discretionary sector into last place today, down over 2.5%.
Carvana and Green Realty Corp Experience Significant Drops
00:00 - 03:40
- Carvana shares fell by15% after a surge on an announced debt exchange deal.
- A sell green Realty Corp fell more than10% as leasing demand decreased from the previous quarter.
Strong Performance in Airline Industry
00:00 - 03:40
- American Airlines reported record second quarter revenue of $14.1 billion, United Airlines boasted record earnings per share of $5.3, and Delta Airlines reported record revenue for the second quarter of $14.6 billion, showing robust demand in the airline industry.
Drop in Sales of Previously Owned Homes
00:00 - 03:40
- Sales of previously owned homes dropped by3.3 percent in June compared to May, with June home sales being18.9% lower compared to last year due to fewer options available for potential buyers.