We’re seeing another bloodbath in the Nasdaq as Netflix shares plummeted following news of slowing subscriber growth — and more in Friday’s stock market recap.
The Nasdaq has now fallen three straight sessions, as has the S&P 500, while the Dow has dropped five straight sessions.
At least part of the reason for the Nasdaq’s slide is streaming giant Netflix Inc. (Nasdaq: NFLX), which reported earnings after the bell Thursday.
It was the first major tech stock to report this week, and it wasn’t great…
Netflix’s fourth-quarter report revealed a slowdown in the company’s subscriber growth and even worse projections for Q1 2022, which sent shares down 20% in premarket trading.
Elsewhere, Intel Corp. (Nasdaq: INTC) announced plans to invest $20 billion in two new chip manufacturing plants in Ohio as it aims to stay competitive with rivals as well as address the global chip shortage.
In this morning’s stock market recap video, you’ll learn why I believe markets are close to bottoming out… whether bonds are responding to higher rates or not… what market internals are pointing to… whether energy markets are responding to Ukraine and Russia… the best way to trade with the current volatility… and an update for the week ahead.
Don’t forget to like and subscribe to our YouTube channel if you haven’t already so you can be notified as soon as we post our next video and see what other trade opportunities we’re paying close attention to!
Stock Market Recap: By the Numbers
This morning’s stock market futures recap:
- Close: 34,715.39.
- Futures: 34,523.
- Change: -93.
S&P 500 (mini)
- Close: 4,482.73.
- Futures: 4,453.25.
- Change: -21.5.
- Close: 14,846.46.
- Futures: 14,720.
- Change: -121.
- Close: 2,024.04.
- Futures: 2,015.1.
- Change: -6.1.
Note: Updated as of 9:14 a.m. EST
P.S. I Dare Anyone to Find A Better Strategy…
We’ve all been there before… You buy the dip in your favorite stock…
But then that dip turns into a correction, and then that correction turns into a crash.
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This is what we call blowing up an account… And we see new traders make this mistake all the time.
The key here is to protect yourself by using a built-in hedge…
The hedge allows you to take full advantage of all the gains, but when the market crash finally does come — you’re more protected.
On Fridays, we’ll review the week that was… We’ll discuss how our trades did, what we learned and how to apply it to next week’s trading plan, and any developing trade setups. This video will put a bow on the week. We’ll also go over winners from my different member strategies.
Check back each morning for Roger’s Radar and the most important news and numbers in the WealthPress stock market recap.