Stocks fall after Netflix whiff, chips sell-off hammers Nasdaq

Image source: AI-generated with OpenAI

US stock futures slid on Friday, putting major indexes on track for weekly losses as the semiconductor sector continued to weigh on markets.

Futures on the Dow Jones Industrial Average dropped 0.7%, S&P 500 futures fell roughly 1%, and Nasdaq-100 futures shed around 2% following a weak session on Wall Street.

Netflix shares declined more than 9% in extended trading after the company's third-quarter revenue forecast disappointed investors; the company cited a 'dynamic and competitive' entertainment landscape.

The market's tech-driven rally from the March lows has stalled as investors reassess spending on artificial intelligence, clouding optimism around the AI trade.

Chip stocks, as measured by the PHLX Semiconductor Index, tumbled more than 4% on Thursday, with the sell-off spreading to Asia, where Japan's Nikkei 225 fell 4%.

Investors will also watch earnings from regional banks, including Truist Financial and Fifth Third Bancorp, while the University of Michigan's consumer sentiment report is expected to provide fresh insight into how Americans are viewing the economy and higher gasoline prices. Yahoo Finance reports.

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM ET). Stock Analysis reports.

1) SDOT: Sadot Group Inc.
Total gain: +54.39%

2) BIYA: Baiya International Group Inc.
Total gain: +31.58%

3) JLHL: Julong Holding Limited
Total gain: +20.38%

4) VEEE: Twin Vee Powercats Co.
Total gain: +16.09%

5) TRVI: Trevi Therapeutics, Inc.
Total gain: +11.18%

The closing price of the top three market percent gainers trading near or above $3 on July 16.

(All pricing and percent gains are based on regular market trading hours from 9:30 AM to 4:00 PM ET)
Stock Analysis reports.

1) STAK: STAK Inc.
Total gain: +68.08%
The stock appeared to be moving on no notable news.

2) ATPC: Agape ATP Corporation
Total gain: +66.67%
The stock appeared to be moving on no notable news.

3) VEEE: Twin Vee Powercats Co.
Total gain: +36.07%
The company announced that it has entered into a definitive agreement with Twin Vee PowerCats Co. (Nasdaq: VEEE) ("Twin Vee") under which a subsidiary of USFM will merge with and into Twin Vee. Upon closing, Twin Vee's common stockholders will receive equity in the combined public company. PR Newswire reports.

(Estimate and Actual numbers represent Earnings Per Share in US Dollars)

SPFI: South Plains Financial
Q2 2026
Before Market Open
Estimate: 0.920
Actual: N/A

TFC: Truist Finl
Q2 2026
Before Market Open
Estimate: 1.080
Actual: N/A

TRV: Travelers Companies
Q2 2026
Before Market Open
Estimate: 4.940
Actual: N/A

Time (ET) / Report / Period

8:30 AM - Housing Starts - June
8:30 AM - Import Prices - June
9:15 AM - Industrial Production, M/M% - June

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