what happens in Borsa- Corriere.it

what happens in Borsa- Corriere.it


Wall Street closed the session mixed, recording the plunge of the Nasdaq which was affected by the collapse of Netflix. The Dow Jones gained 0.47% to 35,224.43 points, the S&P lost 0.67% to 4,535.22 points and the Nasdaq fell 2.05% to 14,063.31 points. Shares of Netflix fell more than 9% after second-quarter results fell short of revenue expectations, despite a crackdown on password sharing helping to boost subscriptions.

The collapse of Tesla after the quarterly

Shares of electric car company Tesla also fell sharply (-8.53%) after the company announced it delivered a record number of vehicles in the second quarter thanks to lower prices; That dropped the automaker’s per-vehicle earnings to 18.2 percent, which analysts say is the lowest gross margin level in the past four years. Additionally, Tesla CEO Elon Musk said he was willing to sacrifice margin to further boost sales. Analysts are wondering at this point what Tesla’s equilibrium profitability levels will be after these commercial actions. Another element that weighed negatively on the performance of the stock was the planned closure of the plants during the summer for technological upgrading works, a circumstance that could also weigh on the results for the next quarter. Despite yesterday’s negative performance, Netflix stock is still up 48% since the beginning of the year, while the price of Tesla shares more than doubled in the period.

Rates and technology

Among other stocks, bad Apple (-1.01%), Microsoft (-2.31%), Intel (-3.16%). Nvidia dropped by 3.3% and yet the increase since the beginning remains very high, at 22.5%. On the other hand, J&J shines at +6.09% and Goldman Sachs (+3.05%). In recent sessions, the markets had a positive trend thanks to the data on US inflation, which slowed down more than expected. Investor confidence has been further boosted this week by the cooling of higher-than-expected UK inflation. The data has fueled hopes that the long campaign of rate hikes is winding down. The Fed is expected to hike rates at next week’s meeting, but is estimated to stop after that date, although it may announce another rate hike later in the year


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