Stocks look to rebound with Netflix earnings

He lives5 updates

• Thursday, April 18, 2024 at 11:10 AM EST

  S&P 500 and Nasdaq rebound led by gains in Meta and Nvidia

  The S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) rose roughly 0.6% and 0.4%, respectively, as they looked to recover from four straight days of declines.

  Meta (META) shares rose more than 3% while Nvidia (NVDA) shares rose more than 1%, after the chipmaker fell 4% in the previous session.

  The Nasdaq Composite Index swung earlier Thursday but gained ground during late morning trading.

  The Dow Jones Industrial Average (^DJI) rose 0.8% led by gains in the industrials and financials sectors.

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  Thursday, April 18, 2024 at 10:14 AM EST

  Tesla shares fall to 52-week lows

  Shares of Tesla ( TSLA ) fell more than 3% in early trading Thursday as the electric car giant's shares continued their downward trend. Tesla stock is down nearly 40% year to date, hitting its lowest intraday level since January 2023.

  The stock weighed on the Nasdaq Composite (^IXIC), which struggled to stay in the green after falling more than 1% in the previous session.

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  Thursday, April 18, 2024 at 9:32 AM EST

  The S&P 500 is trying to snap a four-day losing streak

  Stocks were higher Thursday morning, led by gains by all three major averages.

  The Dow Jones Industrial Average (^DJI) rose 0.3%, while the S&P 500 (^GSPC) rose nearly 0.2%. The Nasdaq Composite (^IXIC) added 0.1% after technology stocks closed 1% lower on Wednesday.

  In each of the previous sessions this week, the S&P 500 opened higher but was unable to sustain those gains throughout the day. The broader index closed lower during the past four sessions.

  All eyes will be on Netflix (NFLX) this afternoon when the streaming giant reports its quarterly results after the closing bell.

  Netflix shares are up more than 25% year to date.

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  Thursday, April 18, 2024 at 8:29 AM EST

  The controversy surrounding Tesla continues

  One of the fun things about the business newsroom: joking about battleground stocks as they're put through the wringer.

  This battleground stock today is none other than Tesla (TSLA), which has had a terrible 2024 for many reasons. The stock has fallen 11% in the past five trading sessions despite the company's new round of cost cutting. Shares are approaching a 40% decline year to date.

  The running joke of the day from the Yahoo Finance newsroom's pre-market was how slow most people on the street are to reverse the stock's trajectory. Some analysts have changed their ratings, but the naysayers are still holding out.

  Yahoo Finance Live Director Valentina Kaval and reporter Madison Mills crunched the numbers on the matter, and here's where things stand.

  While more than 60% of analysts had a buy rating on Tesla stock in the past year alone, only 32% of analysts now have the same rating on the stock. About 44% have a hold rating, while 23% have a sell rating.

• 

  Thursday, April 18, 2024 at 6:28 AM EST

  US debt warnings continue – Bank of America CEO comments on the matter

  The International Monetary Fund caused quite a stir this week at its spring meetings in DC with its warnings about high levels of US debt ($34 trillion and counting).

  Amid these warnings, we've seen interest rates on 2- and 10-year Treasuries rise, and the air has been knocked out of momentum stocks like Nvidia (NVDA).

  Bank of America President and CEO Brian Moynihan gets into the conversation about U.S. debt in a new interview with yours truly.

  “So you really have to let the debt flow at the right levels. It's fine now, but it's something we have to worry about,” Moynihan told me on Yahoo Finance. “It's not something you sound the alarm and say we have to stop everything tomorrow. “It's something you have to manage over the next decade because a little bit of work every year adds up to a lot at the end of the decade.”

  You can watch our conversation on other issues, such as the state of US consumers, below. There is more analysis on the company's earnings this week here.