U.S. stocks showcased a mixed performance as trading neared its end on Wednesday. The Dow Jones experienced a dip, falling by 70 points or 0.2% to settle at 34,575.53. In contrast, the NASDAQ exhibited a slight uptick, rising by 0.29% to 13,813.59. The S&P 500 also displayed a marginal gain, increasing by 0.12% to 4,467.44.
This fluctuation in the market was influenced by the inflation rate in the U.S., which saw a rise for the second consecutive month, reaching 3.7% in August. This was up from 3.2% in the previous month and surpassed market estimates of 3.6%. Furthermore, consumer prices witnessed a 0.6% increase month-over-month in August, following a 0.2% growth in July.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
Netflix Inc. (NASDAQ:NFLX)
Shares of Netflix experienced a decline, closing at a 5.16% loss with a price of $412.24. The stock reached an intraday high of $438.4 and a low of $410.69, with its 52-week range being $485 to $211.73. This tumble was attributed to the company’s CFO, Spencer Neumann, who offered a subdued forecast for operating margins during a Bank of America Conference, causing a significant drop in ...