(AOF) – Wall Street is expected once once more in the red. The Dow Jones might show its sixth consecutive session of decline while the Nasdaq entered a correction phase with a fall of 11.85% since its November record. Since the beginning of the week, it has lost 4.9%, its worst performance since the end of October 2020. Tech stocks are penalized by fears of monetary tightening by the Fed. Netflix darkened the picture with disappointing subscriber growth. Futures on S&P500 and Nasdaq 100 fell 0.26% to 34,527 points and 0.76% to 14,727 points.
Yesterday on Wall Street
In the green for a good part of the session, the European equity markets finally closed in sharp decline. The temporary easing of the interest rate market does not overshadow the risk of a possible error by the Federal Reserve. Investors fear that at its meeting next week, the Fed will decide to tighten its monetary policy too harshly and thus weaken an economic recovery which seems to be showing some signs of running out of steam. The Dow Jones fell 0.89% to 34,715.39 points. The Nasdaq lost 1.3% to 14,154.02 points.
Macroeconomic figures
The index of leading indicators in December is due at 4 p.m.
The values to follow
Intel
Intel today announced plans to make an initial investment of more than $20 billion to build two new chip factories in Ohio. “This investment will help boost production to meet growing demand for advanced semiconductors, fueling a new generation of innovative products from Intel and meeting the needs of foundry customers,” the semiconductor maker said. Production is expected to be commissioned in 2025.
Netflix
Netflix lifted the veil last night on its results for the fourth quarter of 2021. And the least we can say is that the video streaming giant disappointed expectations. More than profits or revenues, it was the subscription figures that saddened investors: the company indeed gained 8.28 million subscribers over the period, while the market was expecting 8.5 million. Worse: for the first quarter of 2022, Netflix anticipates 2.5 million new subscribers, or regarding half of what Wall Street is hoping for (5.7 million).
Schlumberger
Schlumberger released quarterly results that beat expectations as higher oil prices boosted demand from oil majors. Thus, its main activity, the construction of wells, saw its sales jump 28% to 2.39 billion dollars. Total turnover rose by 12.7% to 6.23 billion. Analysts polled by FactSet expected revenue of $6.09 billion. Net profit increased by 60.7% to 601 million. Earnings per share were 42 cents once morest 27 cents a year earlier and a consensus of 30 cents.
Twitter
Twitter Inc. announced on Thursday the launch of a tool allowing users to display non-fungible tokens (NFTs) as their profile picture. This feature allows you to connect a Twitter account to a cryptocurrency wallet in which NFTs are stored. Twitter displays NFT profile pictures as a hexagon, which differentiates them from the standard circle.
