US Stocks Edge Higher After Two Down Sessions
Faizan Hashmi Published April 21, 2021 | 07:49 PM
Wall Street stocks edged higher early Wednesday after two down sessions, while Netflix shares tumbled on disappointing subscriber growth figures
New York, (UrduPoint / Pakistan Point News - 21st Apr, 2021 ) :Wall Street stocks edged higher early Wednesday after two down sessions, while Netflix shares tumbled on disappointing subscriber growth figures.
Equities have been under pressure this week despite mostly strong earnings as investors ponder whether stocks have much more upside after a series of records in early 2021.
Some analysts have also pointed to spiking Covid-19 cases in India, Japan and other countries that could threaten the economic recovery.
About 35 minutes into trading, the Dow Jones Industrial Average was up 0.
4 percent to 33,966.04.
The broad-based S&P 500 gained 0.3 percent to 4,147.23, while the tech-rich Nasdaq Composite Index added 0.1 percent at 13,805.46.
Among individual companies, Netflix dropped 7.1 percent despite blowout earnings, as it projected lower-than-expected new subscribers.
Netflix executives said the slowing membership growth points to "big Covid-19 pull forward in 2020" and a hit in new shows due to production delays caused by the pandemic.
Recent Stories
Tennis: ATP Barcelona Open results - 1st update
Swiatek's perfect 10 in Stuttgart as Vondrousova stuns Sabalenka
Arandu's roads closed due to flooding
Oil tanker catches fire in Islamabad’s Blue Area
Pakistan committed to ensure safety of foreign nationals: FO
Tennis: WTA Stuttgart results - 1st update
Four passengers injured as train hit an empty vehicle
Over- speeding bus crushed to death two bike riders
Turkey's Freedom Flotilla ready to set sail for Gaza
French teen dies from heart failure after knife attack near school
Iranians appear unfazed by Isfahan blasts
UAF celebrates Int'l Chinese Language Day
More Stories From Business
-
Pakistan aims to agree outline of new IMF loan in May - Finance Minister
8 hours ago -
FTO commends FBR's role for prompt resolution of tax payers’ issues
8 hours ago -
BISP embraces E-procurement: launches inaugural tender
10 hours ago -
Business community indebted to Ahsan Zafar for his unprecedented services: Yousuf Rajput
10 hours ago -
China auto sector steps up Europe push with Spain plant
10 hours ago -
Condolence reference held in memory of FBR's officials
11 hours ago
-
Health activists ring alarm bells over 10-stick cigarette pack
11 hours ago -
Karachi receives maiden direct flight of Azerbaijan Airlines from Baku
12 hours ago -
PSX turns bullish, gains 619 points
12 hours ago -
Rupee bounces back; gains 13 paisa against dollar
12 hours ago -
Partners join hands for alternate use of marble, granite slury
12 hours ago -
Tokyo's Nikkei index tumbles 3% in morning trade
14 hours ago