U.S. stocks look set to start Wednesday’s session on the back foot as traders digest mixed earnings news flow and continued pouring in of weak economic data points.
Cues From Tuesday’s Trading:
Netflix, Inc. (NASDAQ: NFLX) shares jumped nearly 8.5% on Friday before settling at their highest level since April 19, 2022, when shares plunged after the company reported its first loss in net paid subscriber adds in a decade.
The possibility of a $2 billion a day cost to the American economy is on the line as President Joe Biden pushes for a government-led negotiation between railroad companies and rail unions.