The Standard & Poor’s 500 and Nasdaq indexes fell at the close on Wall Street today, Thursday, affected by the decline in Tesla and Netflix shares after their quarterly results appeared, but the Dow Jones Industrial Average closed higher for the ninth consecutive day, thanks to the gains of Johnson & Johnson. After announcing strong annual forecasts.
Tesla shares fell after the electric car maker recorded an overall decline in its profit margins in the second quarter to the lowest level in four years, and Elon Musk, the company’s CEO, indicated the possibility of further decline.
Netflix also declined after the quarterly revenue of the video broadcasting company came below estimates
However, the Dow Jones index was able to rise, with Johnson & Johnson achieving gains after publishing results indicating an increase in annual profit expectations.
According to preliminary data, Standard & Poor’s lost 30.44 points, or 0.67%, to close at 4,535.28 points, and the Nasdaq Composite lost 291.48 points, or 2.03%, at 14,066.54 points. The Dow Jones Industrial Average rose 163.87 points, or 0.47%, to 35,225.08 points.
Dow recorded gains for the ninth consecutive session, the longest streak of consecutive gains since September 2017
