Finance

S&P 500 futures fall slightly in overnight trading, Netflix shares tank

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Traders on the New York Stock Exchange.

Source: NYSE

Stock futures fell slightly in overnight trading Tuesday amid a sharp decline in Netflix shares, pointing to a third straight negative day on Wall Street.

S&P 500 futures dipped 0.1% and Nasdaq 100 futures fell 0.4%. Futures on the Dow Jones Industrial Average traded near the flat line.

Netflix shares plunged about 9% in extended trading after the streaming giant reported subscriber additions that fell far short of Wall Street estimates as the demand surge from the pandemic started to fade. Netflix posted better-than-expected earnings for the first quarter, however.

Wall Street suffered back-to-back losses as reopening plays led the market…



Source cnbc.com

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