Netflix, Tesla and IBM halt the Nasdaq's rise
The Q2 earnings reports for Netflix, Tesla and IBM and the first half of 2023 were lower than forecasted.
The Q2 earnings reports for Netflix, Tesla and IBM and the first half of 2023 were lower than forecasted. Netflix's quarterly revenue didn't reach the $8.3 billion analysts had predicted. Tesla's earnings report showed a decline in the electric vehicle manufacturer's margins. IBM's revenue fell by 0.4%. The drop in these tech giants' stock prices and anticipation that the US Fed will raise interest rates on Wednesday are causing stocks in the Nasdaq to fall.
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