EDITOR'S NOTE
Stocks struggled on Tuesday for the second day in a row, as reopening-themed names faltered.
The S&P 500 declined nearly 0.7%, while the tech-heavy Nasdaq Composite fell 0.9%. The Dow Jones Industrial Average ended the day at 33,821.30 – reflecting a drop of about 256 points.
Notable losers today include United Airlines, which fell 8.5%, and helped drag down the S&P 500. Boeing, Nike and Goldman Sachs were the names that fell the most in the Dow. Netflix, which reported first-quarter results when the trading day ended, saw its stock tank 10% after hours upon news of a slowdown in subscribers. The streaming company reported earnings per share of $3.75, versus analysts' forecast of $2.97, according to Refinitiv.
Investors may want to take the recent declines in stride.
"To be clear, the market is still firmly in routine-pullback zone, and would remain there with another couple percent decline from here," wrote Mike Santoli, CNBC's senior markets commentator.
It could be that this is another pause on the long-term journey up.
"When you're overbought, it's hard to bring new buyers in," said Quincy Krosby, chief market strategist at Prudential Financial. "It's easier when you're oversold. What you're looking at now is a cooling off, and it's healthy." TOP NEWS
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Selasa, 20 April 2021
Dow falls more than 250 points | Subscriber slowdown for Netflix | Bill Miller’s favorite stocks
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