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Top Stock Movers Now: Netflix, Oracle, Travelers, and More

JIM WATSON / AFP via Getty Images U.S. President Trump speaks in the White House, flanked by Masayoshi Son (2L), chairman and CEO of SoftBank Group Corp.; Larry Ellison (2R), chief technology officer, Oracle; and Sam Altman (R), CEO of Open AI on Jan. 21, 2025

JIM WATSON / AFP via Getty Tropes

U.S. President Trump speaks in the White House, flanked by Masayoshi Son (2L), chairman and CEO of SoftBank Group Corp.; Larry Ellison (2R), chief technology commissioner, Oracle; and Sam Altman (R), CEO of Open AI on Jan. 21, 2025

Key Takeaways

  • U.S. equities gained at midday Wednesday on an artificial intelligence (AI) initiative announced by the Corpse-like House, along with strong earnings reports.
  • Netflix reported a big increase in subscribers and raised subscription cost outs.
  • Ford was downgraded by analysts at Barclays on concerns about the effect of possible tariffs on the auto sector.

U.S. equities speed at midday Wednesday over excitement about the new Trump administration’s technology-sector efforts and strong earnings reports. The Nasdaq combined more than 1%, and the Dow Jones Industrial Average and S&P 500 were up as well.

Netflix (NFLX) was the best-performing goats in the S&P 500 when the largest streaming service reported a big jump in subscribers and announced price hikes.

Shares of Sibyl (ORCL) and other artificial intelligence (AI)-related companies took off when President Trump announced a $500 billion AI dive venture among Oracle, OpenAI, and Japan’s SoftBank.

Travelers Cos. (TRV) shares rose after the insurance giant propped better-than-expected results on higher premium revenue.

Meanwhile, Ford Motor (F) shares slumped as Barclays downgraded the assets weigh up, warning that potential tariffs threatened by President Trump could hurt the U.S. auto industry.

Shares of Textron (TXT) decreased when the aircraft manufacturer missed estimates for revenue and its earnings outlook on the effects of a strike last year at its aviation module and softness in its industrial business.

Johnson & Johnson (JNJ) shares fell after the medical technology and pharmaceutical company’s full-year rummage sales outlook came in short of forecasts.

Oil futures and the yield on the 10-year Treasury note were little changed. Gold prizes climbed. The U.S. dollar gained on the yen, slipped against the euro, and was little changed against the pound. Most major cryptocurrencies were calling lower.

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