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    Average Long-Term U.S. Mortgage Rates Edge Down to 5.25%

    Average Long-Term U.S. Mortgage Rates Edge Down to 5.25%

    Oil slumps as fears over economic growth take center stage

    Oil slumps as fears over economic growth take center stage

    Here’s what just happened that triggers stock market drops 71% of the time, warns Credit Suisse

    Here’s what just happened that triggers stock market drops 71% of the time, warns Credit Suisse

    Asian Shares Advance Despite Losses on Wall Street

    Asian Shares Advance Despite Losses on Wall Street

  • NYSE
    Is China Yuchai International (NYSE:CYD) Using Too Much Debt?

    Is China Yuchai International (NYSE:CYD) Using Too Much Debt?

    Berkshire Hathaway Inc. Cl B stock falls Thursday, underperforms market

    Berkshire Hathaway Inc. Cl B stock falls Thursday, underperforms market

    Archer Aviation (NYSE:ACHR) Shares Down 5.7% After Analyst Downgrade

    Archer Aviation (NYSE:ACHR) Shares Down 5.7% After Analyst Downgrade

    Target’s stock sinks toward worst day since Black Monday

    Target’s stock sinks toward worst day since Black Monday

  • NASDAQ
    Cisco, Travelers share losses contribute to Dow’s 75-point drop

    Cisco, Travelers share losses contribute to Dow’s 75-point drop

    Ross Stores Shares Tumble 17% on Declining 1Q Sales, 2Q Sales Forecast

    Ross Stores Shares Tumble 17% on Declining 1Q Sales, 2Q Sales Forecast

    Enanta Pharmaceuticals (NASDAQ:ENTA) Shares Gap Down After Analyst Downgrade

    Enanta Pharmaceuticals (NASDAQ:ENTA) Shares Gap Down After Analyst Downgrade

    Federal Agency Sends Team to Probe Tesla Crash That Killed 3

    Federal Agency Sends Team to Probe Tesla Crash That Killed 3

  • OTC
    China Eastern Airlines 3Q Loss Widens on Low Travel Demand

    China Eastern Airlines 3Q Loss Widens on Low Travel Demand

    Corus Entertainment 4Q Profit Falls

    Corus Entertainment 4Q Profit Falls

    Nintendo Co. Ltd. ADR falls Monday, still outperforms market

    Nintendo Co. Ltd. ADR falls Monday, still outperforms market

    Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

    Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

  • TSX
    US Seeks to Fine Air Canada $25.5 Million Over Slow Refunds

    US Seeks to Fine Air Canada $25.5 Million Over Slow Refunds

    S&P/TSX composite falls on drop in materials sector, loonie tops 81 cents US

    S&P/TSX composite falls on drop in materials sector, loonie tops 81 cents US

    Bitcoin Is Falling: Should You Buy the Dip?

    Bitcoin Is Falling: Should You Buy the Dip?

    CN Rail Stock Is So Undervalued That it’s Absurd

    CN Rail Stock Is So Undervalued That it’s Absurd

  • News
    Average Long-Term U.S. Mortgage Rates Edge Down to 5.25%

    Average Long-Term U.S. Mortgage Rates Edge Down to 5.25%

    Oil slumps as fears over economic growth take center stage

    Oil slumps as fears over economic growth take center stage

    Here’s what just happened that triggers stock market drops 71% of the time, warns Credit Suisse

    Here’s what just happened that triggers stock market drops 71% of the time, warns Credit Suisse

    Asian Shares Advance Despite Losses on Wall Street

    Asian Shares Advance Despite Losses on Wall Street

  • NYSE
    Is China Yuchai International (NYSE:CYD) Using Too Much Debt?

    Is China Yuchai International (NYSE:CYD) Using Too Much Debt?

    Berkshire Hathaway Inc. Cl B stock falls Thursday, underperforms market

    Berkshire Hathaway Inc. Cl B stock falls Thursday, underperforms market

    Archer Aviation (NYSE:ACHR) Shares Down 5.7% After Analyst Downgrade

    Archer Aviation (NYSE:ACHR) Shares Down 5.7% After Analyst Downgrade

    Target’s stock sinks toward worst day since Black Monday

    Target’s stock sinks toward worst day since Black Monday

  • NASDAQ
    Cisco, Travelers share losses contribute to Dow’s 75-point drop

    Cisco, Travelers share losses contribute to Dow’s 75-point drop

    Ross Stores Shares Tumble 17% on Declining 1Q Sales, 2Q Sales Forecast

    Ross Stores Shares Tumble 17% on Declining 1Q Sales, 2Q Sales Forecast

    Enanta Pharmaceuticals (NASDAQ:ENTA) Shares Gap Down After Analyst Downgrade

    Enanta Pharmaceuticals (NASDAQ:ENTA) Shares Gap Down After Analyst Downgrade

    Federal Agency Sends Team to Probe Tesla Crash That Killed 3

    Federal Agency Sends Team to Probe Tesla Crash That Killed 3

  • OTC
    China Eastern Airlines 3Q Loss Widens on Low Travel Demand

    China Eastern Airlines 3Q Loss Widens on Low Travel Demand

    Corus Entertainment 4Q Profit Falls

    Corus Entertainment 4Q Profit Falls

    Nintendo Co. Ltd. ADR falls Monday, still outperforms market

    Nintendo Co. Ltd. ADR falls Monday, still outperforms market

    Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

    Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

  • TSX
    US Seeks to Fine Air Canada $25.5 Million Over Slow Refunds

    US Seeks to Fine Air Canada $25.5 Million Over Slow Refunds

    S&P/TSX composite falls on drop in materials sector, loonie tops 81 cents US

    S&P/TSX composite falls on drop in materials sector, loonie tops 81 cents US

    Bitcoin Is Falling: Should You Buy the Dip?

    Bitcoin Is Falling: Should You Buy the Dip?

    CN Rail Stock Is So Undervalued That it’s Absurd

    CN Rail Stock Is So Undervalued That it’s Absurd

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Nasdaq futures decline as Netflix shares tank, S&P 500 futures are little changed

Editorial Staff by Editorial Staff
April 21, 2021
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Nasdaq futures decline as Netflix shares tank, S&P 500 futures are little changed

Broader stock market futures were little changed on Wednesday as equities try to recover from two days of losses. Futures for the tech-heavy Nasdaq-100 fell slightly as Netflix shares dropped.

Dow Jones Industrial Average futures and S&P 500 futures were slightly in the green, while Nasdaq-100 futures shed 0.1%.

Netflix shares plunged about 8% in premarket trading after the streaming giant reported subscriber additions that fell far short of Wall Street estimates as the demand surge from the pandemic started to fade. The company also said it only expects to add about 1 million subscribers in the current quarter, well below estimates. Shares of Roku fell 3% in sympathy.

Shares of Norwegian Cruise Line Holdings led a pop in reopening plays after Goldman Sachs upgraded the stock. Norwegian jumped 2% in early trading.

Wall Street suffered back-to-back losses as reopening plays led the market lower amid renewed concerns about rising new Covid cases globally. The Dow fell 250 points on Tuesday for its worst daily performance since March 23, while the S&P 500 and the Nasdaq slid 0.7% and 0.9%, respectively.

United Airlines plunged 8.5% on Tuesday after the carrier reported its fifth consecutive quarterly loss and said that business and international travel is still far from a recovery. The State Department said it would increase “do not travel” advisories to 80% of the world’s countries, adding that the pandemic presents an “unprecedented risk to travelers.”

United shares rebounded slightly in early trading Wednesday.

The Cboe Volatility Index, also known as the VIX or the market’s fear gauge, rose for two consecutive days, landing above 18 after hitting a 14-month low last week.

Companies have been handing in solid quarterly results, but the bar is high for earnings to lift the stock market higher after a strong rally to record highs this year. The Dow and the S&P 500 are still both up 10% for the year after hitting records on Friday.

“This has been a very good earnings season as 90% of the S&P 500 companies delivered robust results, but the problem for stocks is that most of the good news has already been priced in,” Edward Moya, senior market analyst at Oanda, said in a note.

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POPULAR NEWS

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Average Long-Term U.S. Mortgage Rates Edge Down to 5.25%

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