BUSINESS

Wall Street Slips as Netflix Sags, Gold Falls

Wall Street eased from records Wednesday as earnings steered sharp moves. The S&P 500 fell 0.6%—still within 0.8% of its high—while the Dow lost 211 points and the Nasdaq slipped 1.2% as of 1:12 p.m. Eastern. Netflix tumbled 10.2% on a profit miss after a strong year-to-date run; AT&T and Texas Instruments also fell. Intuitive Surgical jumped 13.9% and Boston Scientific rose 4.6% on beats, while bank shares held steady after upbeat results. Beyond Meat whipsawed, ending down 8.3%. Gold slid 0.8% to $4,074.70 after Tuesday’s 5.3% drop. Overseas markets were mixed; Treasury yields edged lower.

Reviewed by JQJO team

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