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Stocks Hit Record Highs After Strait of Hormuz Is Declared Open | Closing Bell 0 (0)

This is comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec. Stocks surged Friday, sending the Nasdaq 100 Index to its longest winning streak since 2013, as Iran reopened the vital Strait of Hormuz and President Donald Trump said a deal to end the seven-week war could be finalized soon. The S&P 500 closed 1.2% higher, extending a five-day advance that’s pushed it back over January’s record high, and the Dow Jones Industrial Average jumped 1.8%. ——– More on Bloomberg Television and Markets Like [See More…]

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Netflix Beats on Earnings, but Misses on the Forecast, Sending Shares Lower 0 (0)

David Joyce, Seaport Research Partners senior analyst, says Netflix’s full-year forecast reinforces that the company is still a growth stock, despite giving a forecast for the second quarter that fell short of analysts expectations. He speaks on “Bloomberg The Close.” Earnings per share for the quarter were $1.23 compared with estimates of 76 cents. Netflix forecast earnings per share of 78 cents, less than the 84 cents predicted by Wall Street analysts. Netflix Co-Founder Reed Hastings to Leave Board in June #tech #stockmarket #earning #netflix — More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications [See More…]