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Here's What's Happening in Markets: April 19 [Yahoo! Finance]
Last netflix, inc. earnings: 4/21 04:00 pm
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US:NASDAQ Investor Relations: ir.netflix.com/investor-relations
Netflix Inc. reported earnings after the bell Thursday, and while the tech and media giant reported strong subscriber numbers, investors were left pessimistic after the company gave a weaker than expected forecast for its Q2 earnings. Netflix dropped around 8% midmorning Friday, dragging down with it the tech-heavy Nasdaq. Netflix was among the first of the megacap tech companies to report earnings, and stumbling out the gate with the weaker forecast hasn't provided investors with the boost needed to shake off recent pullbacks in the market. QQQ, the Invesco QQQ Trust which tracks the Nasdaq, slipped Friday, dropping 1%. According to etf.com data, QQQ saw outflows topping $425M on Thursday. QQQ April Flows Source: etf.com XLK, the Technology Select Sector SPDR Fund similarly struggled Friday. The fund doesn't hold Netflix, but is a broad look at the tech sector, as investors considered the potential for disappointing tech earnings. Next week investors will turn their attent
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