Dow Falls Over 100 Points; Netflix Posts Upbeat Results

Author: Avi Kapoor | October 18, 2024 10:27am

U.S. stocks traded mixed this morning, with the Dow Jones falling over 100 points on Friday.

Following the market opening Friday, the Dow traded down 0.35% to 43,086.52 while the NASDAQ rose 0.73% to 18,507.31. The S&P 500 also rose, gaining, 0.26% to 5,856.65.

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Leading and Lagging Sectors

Communication services shares jumped by 1.4% on Friday.

In trading on Friday, energy shares fell by 0.6%.

Top Headline

Netflix Inc (NASDAQ:NFLX) reported stronger-than-expected third-quarter financial results, posting revenue of $9.825 billion, up 15% year-over-year, versus market estimates of $9.769 billion.

The company ended the third quarter with 282.72 million global paid subscribers, up 14.4% year-over-year.

Equities Trading UP

Catheter Precision, Inc. (NASDAQ:VTAK) shares shot up 249% to $1.54.
Shares of Bright Minds Biosciences Inc. (NASDAQ:DRUG) got a boost, surging 133% to $50.66. The company announced a $35 million non-brokered private placement.
SOBR Safe, Inc. (NASDAQ:SOBR) shares were also up, gaining 96% to $15.55 after the company announced it filed a form RW and will not pursue a public offering at this time.

Equities Trading DOWN

NKGen Biotech, Inc. (NASDAQ:NKGN) shares dropped 38% to $0.4301.
Shares of Orgenesis Inc. (NASDAQ:ORGS) were down 34% to $2.1100.
NuZee, Inc. (NASDAQ:NUZE) was down, falling 31% to $1.5950.

Commodities

In commodity news, oil traded down 1.5% to $69.59 while gold traded up 0.8% at $2,730.00.

Silver traded up 2.9% to $32.690 on Friday, while copper rose 1.3% to $4.3815.

Euro zone

European shares were mixed today. The eurozone's STOXX 600 fell 0.1%, Germany's DAX rose 0.2% and France's CAC 40 climbed 0.2%. Spain's IBEX 35 Index fell 0.2%, while London's FTSE 100 fell 0.8%.

Construction output in the Eurozone fell by 2.5% year-over-year in August compared to a revised 2.3% decline in the previous month. The current account surplus in the Eurozone increased to €35.2 billion in August from €26.8 billion in the year-ago period.

Asia Pacific Markets

Asian markets closed higher on Friday, with Japan's Nikkei 225 gaining 0.18%, Hong Kong's Hang Seng Index climbing 3.61%, China's Shanghai Composite Index gaining 2.91% and India's BSE Sensex gaining 0.27%.

Economics

U.S. housing starts fell by 0.5% from the previous month to an annualized rate of 1.354 million units in September.
Building permits declined by 2.9% to an annual rate of 1.428 million in September.

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