Dow Jumps Over 600 Points; Netflix Shares Tumble After Q1 Results

by | Apr 17, 2026 | General

U.S. stocks traded higher this morning, with the Dow Jones index gaining over 600 points on Friday.

Following the market opening Friday, the Dow traded up 1.30% to 49,210.43 while the NASDAQ surged 1.05% to 24,355.28. The S&P 500 also rose, gaining, 0.74% to 7,093.54.

Leading and Lagging Sectors

Consumer discretionary shares climbed by 2% on Friday.

In trading on Friday, energy stocks fell by 4.5%.

Top Headline

Netflix Inc (NASDAQ:NFLX) shares dipped over 11% on Friday as the company reported better-than-expected financial results for the first quarter of 2026 after the market close on Thursday.

The company issued weak forecast for the second quarter and announced that chairman and co-founder Reed Hastings will not stand for re-election to the board when his term expires in June.

Equities Trading UP
           

  • Energy Focus Inc (NASDAQ:EFOI) shares shot up 285% to $8.04. Energy Focus announced a multi-year data center infrastructure progress across key strategic projects
  • Shares of Psyence Biomedical Ltd (NASDAQ:PBM) got a boost, surging 49% to $8.73.
  • iSpecimen Inc (NASDAQ:ISPC) shares were also up, gaining 38% to $0.16.

Equities Trading DOWN

  • Fitness Champs Holdings Ltd (NASDAQ:FCHL) shares dropped 65% to $0.54 after the company announced pricing of $5 million public offering.
  • Shares of Julong Holding Ltd (NASDAQ:JLHL) were down 31% to $6.70 after jumping around 65% on Thursday.
  • SKK Holdings Ltd (NASDAQ:SKK) was down, falling 26% to $1.63 after declining 5% on Thursday.

Commodities

In commodity news, oil traded down 11.4% to $83.94 while gold traded up 1.6% at $4,883.20.

Silver traded up 4.5% to $82.265 on Friday, while copper rose 0.1% to $6.0850.

Euro zone

European shares were higher today. The eurozone’s STOXX 600 gained 1.3%, while Spain’s IBEX 35 Index rose 1.9%. London’s FTSE 100 gained 0.5%, Germany’s DAX gained 2% and France’s CAC 40 rose 1.9% during the session.

Asia Pacific Markets

Asian markets closed mostly lower on Friday, with Japan’s Nikkei 225 falling 1.75%, China’s Shanghai Composite slipping 0.10%, Hong Kong’s Hang Seng Index dipping 0.89% and India’s BSE Sensex gaining 0.65%.

Economics

The Baker Hughes oil rig count report for the latest week will be released today.

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