Stock Market News Today
The top stock market news today will focus on the Netflix subscriber count, Netflix’s latest earnings report, and JPMorgan Chase’s weak quarterly results. As of the time of this writing, the Dow Jones Industrial Average, S&P 500, and Nasdaq all are higher. But there’s still plenty of news for investors to consider. Read on to discover what to pay attention to today. Occidental Petroleum expects its GPV to increase 35% in the current quarter.
Block’s latest quarterly earnings are above Wall Street’s estimates
After beating expectations last quarter, payments company Square has raised its share price by 25%. Its latest quarterly earnings are above expectations, and the stock price is up 25 percent to
$118. But what exactly made Block’s latest earnings beat Wall Street’s expectations? It posted earnings per share of $1.71, which topped analysts’ estimates of $1.66. The company also announced a $46.3 billion gross payment volume, up from $32 billion a year ago.
Netflix’s subscriber count will be the main highlight during its earnings call
One of the key metrics to watch during Netflix’s earnings call will be the number of new paid streaming subscribers added during the quarter. Analysts want to see at least 2.5 million …
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