NFLX - Wall Street On Track For 6th Day Of Losses? Netflix Geopolitical Tensions Drag Futures Down: Analyst Tells Why Next 2 Weeks Are Pivotal | Benzinga
U.S. stocks appear headed for another losing day, potentially marking a sixth consecutive session in the red for Wall Street. While index futures on Friday clawed back some earlier losses, sentiment remains fragile following Israel’s missile strikes on Iran in response to drone attacks and as explosions were reported in Syria and Iraq.
Netflix, Inc. (NASDAQ:NFLX), the first major tech company to report earnings, disappointed investors with comments about ending membership guidance. Investors may also turn their attention to upcoming regional bank earnings reports. With commodities retreating from their initial spikes and bond yields falling, a potential reversal in sentiment remains in play despite the extended decline.
The session will also likely see volatility as options contracts tied to about $3 trillion in stocks, equity indexes, and exchange-traded funds expire on Friday.
Futures Performance On Friday ( as of 6:20 a.m. EDT)
Futures Performance (+/-)
Nasdaq 100 -0.63%
S&P 500 -0.42%
Dow -0.38%
R2K -0.83%
In premarket trading on Friday, the SPDR S&P 500 ETF Trust (NYSE:SPY) fell 0.41% to $497.49, and the Invesco QQQ ETF (NASDAQ:QQQ) gained 0.67% to $420.58, according to Benzinga Pro data.
Cues From Previous Session:
Stocks struggled to gain momentum on Thursday, remaining in a lackluster phase despite mostly positive economic data that pushed bond yields higher. The S&P 500 saw its first losing streak of this length since late October, just before the current bull market began, while the Nasdaq experienced its longest ...