|Bid||6,140.00 x N/A|
|Ask||6,187.00 x N/A|
|Day's Range||5,704.50 - 6,230.00|
|52 Week Range||2,145.00 - 8,584.50|
|Beta (5Y Monthly)||1.22|
|PE Ratio (TTM)||8.03|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Shares of Netflix are surging thanks to gains in the Nasdaq and success of its new series "Wednesday."
Uncertainty regarding the length and duration of the downturn have hung over the market like an anvil this year, with many investors afraid to buy the dip for fear of suffering further declines. Add to that the Federal Reserve Bank's relentless campaign of rising interest rates to combat persistent inflation, and it's no wonder that consumers and investors alike have shifted their behavior based on the tough macroeconomic conditions. Netflix (NASDAQ: NFLX) surged 9.2%, Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) jumped 5.4%, honorary member Microsoft (NASDAQ: MSFT) climbed 5.8%, while Apple (NASDAQ: AAPL) and Amazon (NASDAQ: AMZN) each rallied 4.5% by the time the market closed on Wednesday.
Silicon Valley leaders welcomed Elon Musk's management of Twitter, with Netflix co-founder Reed Hastings going so far as to call the billionaire "the bravest, most creative person on the planet." Meta Platforms CEO Mark Zuckerberg on Wednesday said he was keen to see how Elon Musk's management of content moderation on Twitter would fare, arguing it was good for platforms to take different approaches. "You can agree or disagree with what Elon is doing, or how he's doing it, but I do think it's going to be very interesting to see how this plays out," said Zuckerberg, speaking at the New York Times DealBook conference.