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Stock Market Today: Dow Rises Ahead Of U.S.-China Trade Talks; Netflix, Tesla Earnings Loom (Live Coverage)
The Dow Jones index rose Monday ahead of U.S.-China trade talks. Netflix and Tesla are set to report earnings this week.
As investors enters shutdown week three, a US-China trade war, credit gesticulation, and an incoming oil glut are weighing on the market.
(Reuters) -U.S. stock index futures wavered on Wednesday as investors treaded carefully through the thick of earnings season, with Netflix's weak profit adding a chill to market sentiment.
NASDAQ is under pressure as traders react to the strong sell-off in Netflix stock. Netflix is down by 9.6% as traders focus on the quarterly earnings report. The report missed analyst estimates as the company recorded a significant one-time expense related to a tax dispute in Brazil.
Bitcoin rises 2% after Trump confirms Oct 31 meeting with Xi Jinping. Crypto markets rebound from $20B liquidation as trade tensions ease. CPI data Friday.
Earnings reports next week, including from Tesla and Netflix, will provide a deeper look at U.S. corporate profits while delayed U.S. inflation data will mark another test of the stock market, which has become shakier even as it remains around record highs.
Key stock events, earnings reports, IPO news, dividends, and economic trends likely to impact markets next week.
Netflix’s growth will depend on advertising; then, more evidence that Netflix was uniquely responsible for KPop Demon Hunters’ success.