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.
close
We use cookies and similar technologies on this site to collect identifiers, such as IP address, and cookie and device IDs as described in our Privacy Policy.