Dow Jones Futures: Tesla Jumps On Accelerating Earnings Growth After Netflix, Facebook Slam Nasdaq

Tesla stock popped late as earnings growth accelerates. Netflix and Facebook led Wednesday's Nasdaq retreat. Read More...


Nasdaq drops as Netflix subscriber numbers weigh on tech

The tech-heavy Nasdaq dropped on Wednesday as Netflix’s surprise decline in subscribers weighed on both the streaming giant and other high-growth companies, which investors feared may face similar post-pandemic performance issues. Netflix Inc plunged 35.1%, its largest one-day fall in over a decade, after it blamed inflation, the Ukraine war and fierce competition for the subscriber decline and predicted deeper losses ahead.

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