Netflix is Shining on Green Wall Street
Netflix is Shining on Green Wall Street. The stock exchanges in New York were apparently on profit on Tuesday. Online video service Netflix was a big winner thanks to better than expected quarterly figures and forecasts. Other large companies such as Goldman Sachs, Johnson & Johnson (J & J) and UnitedHealth also provided access to the books.
The Dow Jones index recorded 0.8 percent in the plus at 24.765 points. The broad S & P 500 rose 1 percent to 2703 points, and the technology yardstick Nasdaq went up 1.7 percent to 7274 points.
Netflix shot up almost 10 percent. The streaming service continues to score well with its self-produced series and films and expects to welcome 6.2 million new customers this quarter. That is a lot more than the 4.8 million new subscribers that analysts assumed on average. Other tech funds such as Apple, Facebook, Google-mom Alphabet and Amazon went up in the wake of Netflix with pluses up to 3.7 percent.
Goldman Sachs provided 1.9 percent of market value. The big American bank increased its profit in the quarter by more than a quarter, but that did not seem sufficient for investors who did the share of the sale.
Medical concern J & J fell 1.3 percent in the red. The turnover forecast for 2018 was adjusted upwards, but the profit forecast remained unchanged. The large health insurer UnitedHealth rose 2.8 percent after better results and an increase in the profit forecast for this year.
Tesla fell 0.3 percent. The manufacturer of electric cars has again stopped the production of the Model 3 to tackle bottlenecks in the production process. Earlier this year, the production also stopped for a week.
In macroeconomic terms, it was reported that more new homes were being built in the United States in March, after a decline in housing construction a month earlier. Furthermore, production in the American industry last month rose slightly higher than economists had thought.