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Home Business & Finance

Dow drops, Netflix surpasses expectations, and Nvidia recovers

Nnaemeka OkwarabyNnaemeka Okwara
July 19, 2024
in Business & Finance
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Dow drops, Netflix surpasses expectations, and Nvidia recovers
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On Thursday, the Dow Jones Industrial Average dropped more than 500 points as investors cashed out of profits they had already booked in other market segments. Along with the decline in the Nasdaq Composite and S&P 500, other IT giants that fell were Apple and Alphabet.

Nvidia value share recovered 3% after it had a 7% drop the previous day. Netflix beat this season with a strong second – quarter earnings, signifying its relevance and gross yield in global streaming market.

Jeff Bezos Venture, Amazon’s Prime Day recorded $14.2 billion in US online spending, an 11% increase year-over-year.

Rising trading conflict in the Market region due to restrictions has strategically declined Wall Street yield.

Major factors contributing to this decline include the ongoing tension between the United States and its trading associates, the Biden present administration considering restricting exports to China, most countries shifting to local Currency as a medium of exchange, BRICS  de-dollarization mechanisms, and former President Trump’s proposing tariffs on all imports to the United States if re-elected.

The Asia Pacific region witnessed Stock Market losses, with Nikkie, Japanese tech giant slipping 0.4% and Hong Kong’s Hang Seng index declining above 2%.

Despite recent variation, market analyst remain optimistic on semiconductor industry, particularly in the long run

Tags: and Nvidia recoversBusinessDow dropsfederal characterForeign NewsNetflix surpasses expectationsNews
Nnaemeka Okwara

Nnaemeka Okwara

Okwara Nnaemeka Emmanuel is a skilled wordsmith, passionate blogger, and content writer with a degree in Media Content, He has made a significant mark in the industry. He also holds certification in Marketing and advertising. He has honed a unique blend of creativity and strategic thinking.Driven by a belief in the power of creativity, He has established a niche for himself in diverse regions, leaving a trail of successful projects and satisfied clients. His ability to craft compelling narratives and engage audiences sets him apart in the competitive world of content creation.As a dedicated professional, He continues to push boundaries and set new landmarks in their field. Whether it's through captivating blog posts, persuasive copywriting, or innovative content strategies, Nnaemeka’s consistently delivers excellence, leaving a long lasting impact

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