Netflix and Intuitive Surgical lead premarket declines as tech selloff deepens

Earnings
โดย Investing.com·Read original
Summary · why it matters

U.S. stock futures pointed to sharp losses on Friday, with Netflix and Intuitive Surgical among the biggest premarket decliners. S&P 500 futures dropped 67 points, or 0.9%, Nasdaq 100 futures tumbled 490 points, or 1.7%, and Dow futures fell 331 points, or 0.6%, as investors continued to reassess technology valuations. Netflix slid 9.3% after reporting second-quarter revenue of $12.56 billion that narrowly missed estimates and issuing weaker-than-expected third-quarter guidance. Intuitive Surgical fell more than 12% after maintaining its full-year procedure growth outlook for its da Vinci robotic surgery platform and warning that changes to certain U.S. insurance plans could weigh on demand. Other notable movers included Regenxbio, which slumped 16.6% on a $100 million public offering, and Autoliv, down 5.8% after a restructuring charge of roughly $142 million tied to closing manufacturing operations in Türkiye.

Impact on stocks 6

Consumer Discretionary · 1 stocks
Autoliv Inc
ALV
▼ NegativeCapitalrelevance

Restructuring charge of ~$142 million from closing manufacturing operations in Turkey.

Robotics & Physical AI · 1 stocks
Intuitive Surgical Inc
ISRG
▼ NegativeDemandrelevance

Maintained full-year procedure growth outlook and warned changes to U.S. insurance plans could weigh on demand.

Communication Services · 1 stocks
Netflix Inc
NFLX
▼ NegativeCapitalrelevance

Q2 revenue missed estimates and issued weaker-than-expected Q3 guidance.

Biotech & Genomic Medicine · 1 stocks
Quantum Computing · 1 stocks
Aging Population · 1 stocks