Nasdaq hits all-time high after Amazon reaches record, Netflix rebounds well off lows [CNBC]
Meta Platforms, Inc. - Class A (FB)
Last meta platforms, inc. - class a earnings: 4/29 04:05 pm
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Source: CNBC
show chapters The Nasdaq Composite hit a record high on Tuesday as strong gains in Amazon and a rebound in Netflix shares led to a big comeback in tech stocks. The tech-heavy Nasdaq rose 0.6 percent to 7,855.12, after falling as much as 0.7 percent, as Amazon reached an all-time high. Meanwhile, Netflix closed just 5.2 percent lower after falling as much as 14.1 percent earlier in the session. Netflix initially plunged after reporting weaker-than-expected subscriber growth. The streaming giant said Monday afternoon that domestic subscribers grew by 670,000 in the previous quarter, while international additions rose by 4.5 million . Analysts polled by StreetAccount expected domestic gains of 1.23 million and 5.11 million new international subscribers. Bank of America Merrill Lynch said the drop presented a compelling buying opportunity, noting the company never misses twice when it comes to subscriber growth. Historically, following a net adds m
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