US stocks up, Netflix down after hours – Market update

The US stock market has been on a rollercoaster ride in recent weeks, with investors closely monitoring the latest economic data and corporate earnings reports. On Tuesday, the market saw a mixed bag of results, with some stocks soaring while others plummeted.

One of the biggest losers of the day was Netflix, which saw its stock price drop by more than 6% in after-hours trading. The streaming giant reported disappointing subscriber growth for the second quarter, with just 1.5 million new subscribers added compared to the 10 million added in the same period last year. This news sent shockwaves through the market, as many investors had been betting on continued growth for the company.

However, not all stocks were down on Tuesday. The S&P 500 and Nasdaq both closed at record highs, with the former rising by 0.8% and the latter by 0.9%. This was largely due to strong earnings reports from a number of major companies, including Johnson & Johnson, Procter & Gamble, and Travelers.

The Dow Jones Industrial Average also saw gains, rising by 0.8% to close at 34,798. The index was boosted by strong performances from companies in the financial and energy sectors, with Goldman Sachs and Chevron both posting impressive earnings.

Overall, the market remains volatile as investors continue to grapple with the ongoing effects of the COVID-19 pandemic and the global economic recovery. While some stocks are thriving, others are struggling to keep up, and it remains to be seen how the market will fare in the coming weeks and months.

One thing is for sure, however – investors will need to stay vigilant and keep a close eye on the latest developments in order to make informed decisions about where to put their money. With so much uncertainty in the air, it’s more important than ever to do your research and stay up-to-date on the latest market trends.