Market Today: Netflix Falls Despite Strong Earnings, Broadcom Ey

Category: Finance

Major U.S. stock indices closed lower, with the S&P 500 down 0.8% and the Dow Jones down 1.3%. Mixed performance in mega cap and semiconductor stocks contributed to the declines. Notable movements included a steep drop for Domino's Pizza and a significant gain for D.R. Horton. The bond market showed slight increases in yields, reflecting softening in the labor market. Netflix's stock dipped despite strong earnings, while Broadcom is in talks with OpenAI for AI chip development. SoFi Technologies ended its winning streak after student loan forgiveness announcements, and SunPower's shares plummeted following operational pauses.

Keywords: Stock Market, Earnings Reports, Economic Trends

Source: GuruFocus

Update At: 7/19/2024

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