Netflix shares plunged lower Wednesday, pulling the stock back to levels last seen in late 2019, after a surprise exodus in paid subscribers, and a grim near-term outlook, prompted a re-think on advertising sales from the world s biggest online streaming service.
U.S. stocks powered higher Wednesday, while Treasury bond yields crept modestly lower and oil prices jumped, as investors kept risk appetite in check amid a bumpy start to the first quarter earnings season and ongoing concerns over the impact of a hawkish Federal Reserve.