Netflix赚4奥斯卡提名,但其股票till Drops 4 PercentNetflix had the biggest drop of the four FAANG stocks, falling 4.11 percent despite earning multiple Oscar nominations, including best picture, for its movie 'Roma' today.
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More signs of slowing global growth rattled the stock market, sending the major indexes down for the first time in five trading sessions.
The Chinese government announced that the country had GDP growth of 6.6 percent last year. We should be so lucky, but that's its weakest showing since 1990. Meanwhile, the International Monetary Fund lowered its global growth forecast for this year from 3.7 percent to 3.5 percent. Throw in a cancelled meeting between the U.S. and Chinese trade negotiators over intellectual property issues and investors were selling stocks through the day.
The Dow and S&P indexes were down 1.22 percent and 1.42 percent respectively, while the Nasdaq Composite index declined 1.91 percent. TheEntrepreneur Index™closed the day down 1.91 percent with only eight of 60 stocks posting gains.
Technology stocks were hit hardest.TripAdvisor Inc.was down 6.32 percent -- the biggest decline on the Entrepreneur Index™ today. The semiconductor chipmakersNVIDIACorp. (-5.2 percent), andAnalog Devices, (-2.44 percent), were both down sharply andTwitterfell 3.07 percent. All four FANG stocks on the index were down more than 1.5 percent withAmazon.com declining 3.77 percent.
Netflixhad the biggest drop of the four, falling 4.11 percent despite earning the most Oscar nominations, including best picture, for its movie Roma today. Since reporting better-than-expected earnings last week but expressing caution about its immediate outlook, the stock is down nine percent. The other FANG stocks have yet to report earnings.
NFLX Quotesby TradingView
Technology was only the weakest sector today. Stock prices were down across the market. HomebuilderD.R. Horton Inc.was down 2.04 percent after existing home sales in December fell a bigger than expected 6.4 percent from November. Telecom giantComcastfell 3.42 percent and retailerGap Inc.declined 4.11 percent.
The two drug-makers on the index,Regeneron Pharmaceuticals, (-3.36 percent) andAlexion Pharmaceuticals, (-2.36 percent), both had significant declines. Regeneron, up 23 percent since Christmas Eve, set a new high in early morning trading before falling with the rest of the market. Clothing-makersL BrandsandRalph Lauren Corp.ended the day down 2.12 percent and 2.01 percent respectively.
Chipotle Mexican Grillhad the biggest gain on the Entrepreneur Index™ today, rising 1.33 percent followed by retailerDollar Tree Inc.(1.13 percent).J.M. Smucker Company,Intercontinental Exchangeand several REITs also had small gains.
TheEntrepreneur Index™collects the top 60 publicly traded companies founded and run by entrepreneurs. The entrepreneurial spirit is a valuable asset for any business, and this index recognizes its importance, no matter how much a company has grown. These inspirational businesses can be tracked in real time onEntrepreneur.com.
