Stock Market Stays Flat Friday as Netflix Earnings Signal Future Slowdown; Novavax Keeps Soaring on Vaccine Hopes
The stock market has seen a lot of volatility lately, and Friday morning wasn't any exception. Major indexes opened higher, then turned lower and fell into negative territory before flattening out near the unchanged level. Just after 11 a.m. EDT today, the Dow Jones Industrial Average (DJINDICES: ^DJI) was down 14 points to 26,721. The S&P 500 (SNPINDEX: ^GSPC) rose 4 points to 3,220, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) was higher by just 2 points to 10,476.
Just because the Dow and other indexes were flat doesn't mean there wasn't excitement in the market. Netflix (NASDAQ: NFLX) fell sharply under pressure following its second-quarter earnings report late Thursday. But Novavax (NASDAQ: NVAX) found its stock moving sharply higher for the second day in a row.
Shares of Netflix were down almost 7% Friday morning. Investors continued to weigh the conflicting readings they got from the company's second-quarter financial report and its outlook.
Source Fool.com