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US stocks rise, supported by business results, and Netflix loses more than 25% in post-closing trading
image 20 April، 2022
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 The three major indices of US stocks ended the trading session yesterday, Tuesday, April 19 (April) with strong gains, benefiting from the results of companies and financial institutions for the first quarter of this year, which they began to disclose since the beginning of last week, amid the absence of economic data affecting market movements.

The results of Johnson & Johnson and Netflix topped Tuesday’s session, as the American vaccine company, Johnson & Johnson, recorded revenues of $23.43 billion, below expectations, with earnings per share of $2.67, better than expectations. The stock rose by about 3% at closing at $183.08.

On the other hand, Netflix, which specializes in broadcasting, announced revenues of $7.868 billion in the first quarter and earnings per share of $3.53, while the company announced that it had lost about 200,000 subscribers in the first quarter, as the company’s share declined in post-closing trading by about 25%.

The Dow Jones Industrial Average closed up by about (499) points at the close at 34.911 levels, with gains of about 1.45%, and it is now trading in the futures for today’s session, Wednesday, at levels of 34.797, down by about 44 points.

While the S&P 500 index recorded highs at the close at 4.462 levels, a rise of about (70) points or 1.61%, and it is now trading in futures at 4.444 levels, down by about 15 points.

While the Nasdaq index recorded gains by (287 points) to close the session at 13.619 points, recording a profit of about 2.15%, and it is now trading in futures, down by about 100 points.

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