The Nasdaq Composite and the S&P 500 led declines on Wall Street after mixed results from Tesla and Netflix weighed on the broader markets.
| Symbol | Price | Change | %Change |
|---|---|---|---|
| TSLA | $271.90 | -19.36 | -6.65 |
| NFLX | $433.86 | -43.73 | -9.16 |
| JNJ | $167.84 | 9.10 | 5.73 |
| IBM | $139.48 | 4.00 | 2.95 |
| GS | $350.01 | 9.46 | 2.78 |
| I:DJI | $35,354.21 | 293.00 | 0.84 |
Still, the Dow Jones Industrial Average bucked the downtrend after stronger-than-expected results from J&J and IBM, shares of Goldman Sachs also contributed to the rally.
J&J is on pace for its best percentage gain since March 2020.
Elon Musk is considering price cuts on select Tesla models. He defended his strategy on the automaker's earnings call after posting a 47% jump in year-over-year revenues to $24.93 billion.
Netflix shares tumbled as investors weigh whether the company can keep up the momentum.
| Symbol | Price | Change | %Change |
|---|---|---|---|
| NFLX | $477.59 | 2.79 | 0.59 |
The streaming giant netted 5.9 million subscribers in the last quarter above the 2.2 million analysts were expecting.
Still, revenue of $8.2 billion was little changed from a year ago, same for net income of $1.49 billion.
{{#rendered}}Another player has entered has the competitive ride-sharing market, taking on established players Uber and Lyft.
Tesla shares fell on Thursday after mixed results cutting into a 150%+ run of the stock this year.
The Elon Musk-run electric vehicle maker earned $24.93 billion in total revenue in the second quarter. That marked a 47% increase from the same three-month period last year and a nearly 7% lift from the prior quarter but is was lighter than expected. Net income experienced a 19.7% spike compared to 2022’s second quarter, hitting $2.7 billion.
Still, Tesla bulls are optimistic about the company's Cybertruck which is due later this year.
Powerball's third largest jackpot finally has a winner after several draws came up empty.
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