U.S. stock futures including the Nasdaq rose Wednesday as the major indices shrugged off Netflix’s 27% drop in premarket trading — and more in Wednesday’s stock market recap.
The streaming pioneer reported a quarterly subscriber loss for the first time in more than a decade, with the news dragging down competitors Discovery, Disney, Paramount and Roku.
IBM, one of 30 Dow stocks, beat on both earnings and revenue, sending shares up 2.5% premarket.
Tesla reports quarterly earnings after the bell Wednesday.
Investors are eager to hear how the company’s Shanghai factory is performing amid continued lockdowns in China due to COVID-19, as well as whether CEO Elon Musk will discuss his $43 billion proposal to buy Twitter.
In this morning’s stock market recap video, you'll discover why the bond market is turning and what it could mean for consumer stocks… current sentiment in the broader market… an update on earnings and the impact it can have on stocks… an update on the global economy and how it impacts the U.S… plus two trade ideas that look promising right now.
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