Yesterday on Wall Street

Posted 21 July, 2022

Netflix jumped 7.36% to 216.46 after reporting a loss of 970,000 subscribers in the April-June period on Tuesday, avoiding the worst-case scenario the group feared, and said it expected its number of subscribers is on the rise again in the current quarter. In addition, the American streaming giant announced the acquisition of the Australian animation studio, Animal Logic.

A Florida jury found Tesla (+0.8% to 742.5) was only 1% responsible for the death of an 18-year-old man whose Model S sedan slammed into a concrete wall after the crash. deactivation of the speed limiter, the driver and his father having been found to be 99% responsible.

The US Centers for Disease Control and Prevention (CDC) on Tuesday recommended the use of the Covid-19 vaccine from the pharmaceutical group Novavax (+ 2.71% to 59.57) for people aged 18 and over.

The title of the American advertising group Omnicom gained 3.93% to 70.06 after the publication of a turnover and a quarterly profit above expectations.

Merck (-2.93% to 89.65) said it's Keytruda treatment failed to meet the primary endpoint of a late-stage trial in cancer patients.

Elevance Health (-7.62% to 459.54) raised its full-year profit forecast after posting a profit above expectations in the 2nd quarter thanks to the good performance of its pharmaceutical benefits management unit, IngenioRx.

Chevron gained 1.32% to 146.52, supported by HSBC which raised its recommendation to Buy vs. Hold but lowered its price target from $183 to $167.

The  Dow Jones  thus gained 0.15% to 31,874.84 points, the  Nasdaq Composite  1.58% to 11,897.65 points and the  S&P 500  0.59% to 3,959.90 points.

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