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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Jul 18, 2024
Page
8
Netflix reports second quarter results with expected 4.74 dollars per share on about 9.53 billion dollars in revenue. Analysts note a strong first quarter helped by ads and 9.3 million added subscribers, and investors await April to June subscriber numbers.
Economists expect the Conference Board to report a 0.3 percent drop in June for the index of leading economic indicators, marking its fourth straight monthly decline. The index aims to forecast conditions three to six months ahead.
Wall Street snapped a rally with a broad decline led by Nvidia and Apple as the S&P 500 fell 1.4 and the Nasdaq dropped 2.8. The Dow rose briefly on ASML but faded after Bloomberg News reported potential U.S. trade curbs on advanced chip tech to China. Spirit Airlines and Five Below also slid after forecasts and a leadership shakeup.
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