US Stocks Trade Mixed: Dow Dips, Nasdaq Rises, Netflix Shines
Wall Street experienced a mixed bag of trading on Friday, with the Dow Jones Industrial Average closing in the red while the tech-heavy Nasdaq and the broad S&P 500 registered gains. The Dow dipped 0.35% to 43,086.52, while the Nasdaq rose 0.73% to 18,507.31. The S&P 500 also saw a positive day, gaining 0.26% to 5,856.65.
Netflix Delivers Strong Earnings
One of the key drivers of market sentiment on Friday was Netflix’s (NFLX) impressive third-quarter earnings report. The streaming giant surpassed revenue expectations, reporting $9.825 billion in revenue, representing a 15% year-over-year increase. This outpaced analysts’ estimates of $9.769 billion. Furthermore, Netflix ended the quarter with 282.72 million global paid subscribers, reflecting a 14.4% year-over-year jump.
Equities Trading Highlights
Several stocks saw significant price movements on Friday:
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Catheter Precision, Inc. (VTAK)
shares surged 249% to $1.54.*
Bright Minds Biosciences Inc. (DRUG)
shares soared 133% to $50.66 after announcing a $35 million private placement.*
SOBR Safe, Inc. (SOBR)
shares gained 96% to $15.55 following the company’s decision to withdraw from a public offering.On the downside, the following stocks experienced notable declines:
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NKGen Biotech, Inc. (NKGN)
shares dropped 38% to $0.4301.*
Orgenesis Inc. (ORGS)
shares fell 34% to $2.1100.*
NuZee, Inc. (NUZE)
shares declined 31% to $1.5950.Commodities Update
In the commodities market, oil prices slipped 1.5% to $69.59, while gold prices rose 0.8% to $2,730.00. Silver traded up 2.9% to $32.690, and copper increased 1.3% to $4.3815.
European Markets Mixed
European markets presented a mixed picture. The Eurozone’s STOXX 600 index dropped 0.1%, Germany’s DAX climbed 0.2%, and France’s CAC 40 also gained 0.2%. Spain’s IBEX 35 Index fell 0.2%, while London’s FTSE 100 closed down 0.8%. The Eurozone’s construction output fell by 2.5% year-over-year in August, while the current account surplus increased to €35.2 billion.
Asian Markets End Higher
Asian markets finished the day on a positive note. Japan’s Nikkei 225 gained 0.18%, Hong Kong’s Hang Seng Index climbed 3.61%, China’s Shanghai Composite Index rose 2.91%, and India’s BSE Sensex gained 0.27%.