HomeLifestyleMediaStock Market Today: VFC, RBLX Closed Down, NFLX Makes Comeback

Stock Market Today: VFC, RBLX Closed Down, NFLX Makes Comeback

The Dow Jones ended lower along with the S&P 500, Nasdaq-100, and Russell 2000. Three of the eleven S&P 500 sectors closed higher with energy up by the most. VF Corp (VFC) shares ended lower after a downgrade at Williams Trading. The corporation owns big brands like The North Face, Van Shoes, and Timberland. Roblox (RBLX) shares closed down after Morgan Stanley downgraded the stock from equal weight to underweight and cut its price target. The analyst believes books reacceleration in the first half is priced in, and that growth will slow even more in the second half. Netflix (NFLX) also closed lower, but surged post-market after earnings showed subscribers grew about 4% year-over-year by 231 million paid memberships. Tomorrow, look out for the existing home sales for December, and earnings from Ally Financial (ALLY), Huntington (HBAN), Regions Financial (RF), and State Street (STT). Tune in to find out more about the stock market today.

19 Jan 2023

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