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Equity Markets Lower Ahead of Netflix Results
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Equity Markets Lower Ahead of Netflix Results
Jul 18, 2024 1:03 PM

03:51 PM EDT, 07/18/2024 (MT Newswires) -- US benchmark equity indexes were lower ahead of Thursday's close as investors analyzed the latest set of corporate earnings and awaited Netflix's ( NFLX ) results.

The Dow Jones Industrial Average was down 1.3% at 40,649.1, while the Nasdaq Composite fell 1% to 17,821.9. The S&P 500 lost 0.9% to 5,535.3. Among sectors, health care saw the steepest drop, while energy led the gainers.

Domino's Pizza's (DPZ) second-quarter financial results rose year over year.

Cintas' ( CTAS ) fiscal fourth-quarter earnings topped market estimates.

Streaming giant Netflix ( NFLX ) is scheduled to post results after the closing bell, along with companies such as Intuitive Surgical ( ISRG ) and PPG Industries ( PPG ) .

The US 10-year yield rose 5.2 basis points to 4.2%, while the two-year rate gained 4.4 basis points to 4.47%.

West Texas Intermediate crude oil was down 0.6% at $82.33 a barrel.

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