Stocks Close Lower, Netflix Shares Slide on Earnings Miss

July 16, 2020
Stocks closed lower on Thursday amid U.S.-China trade tension and news of another 1.3 million jobless claims in the U.S. last week. Meanwhile, Netflix released its second-quarter earnings, seeings shares slide due to its earnings miss and a weaker subscriber guidance for the third quarter. R "Ray" Wang, Principal Analyst & Founder for Constellation Research, and our own Michelle Castillo broke down what it all means for the streaming giant.
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