Energies
Key Takeaways:
- All three major US indices close lower this week after volatile sessions
- Netflix revenues in the first quarter of 2025 beats expectation
- Gold breaks new highs, but closes lower on Thursday
Netflix reported strong earnings in the first quarter of 2025 with 13% revenue growth, driven by higher subscription and ad revenue.
Net income reached $2.89 billion ($6.61 per share), up from $2.33 billion year-over-year.
The company is expanding its advertising capabilities, launching an in-house ad tech platform in the U.S. with plans for global expansion.
The S&P 500 rose 0.13% to 5,282 in choppy trading on Thursday, while the Nasdaq Composite fell 0.13% to 16,286. The Dow Jones Industrial Average also dropped 1.33% to close at 39,142 dragged down by UnitedHealth’s 22% decline after an earnings miss.
Nvidia fell another 3% after disclosing a $5.5 billion charge related to China export controls. Meanwhile. Netflix gained 1% ahead of its earning that came out later better than expected.
Yesterday’s mixed performance in the U.S. markets Markets followed Trump’s comments about potential trade deals with China and EU, despite Jerome Powell’s earlier warnings about tariffs’ impact on inflation.
Over this week, the Dow and Nasdaq fell over 2%, while the S&P 500 declined 1.5%. Since Trump’s April 2 tariff announcement, all major indices have dropped more than 7%. Markets are closed today.
Gold continues to break new highs as demand on the safe haven asset remains strong. The price of an ounce of gold reached $3,357 yesterday.
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