07/25/23 Market Snapshot: Corporate Earnings, Netflix & Tesla
For week ending July 21st
Corporate earnings were in the spotlight this week as companies have started to report their second quarter results. While many reports are in line or exceeding expectations, disappointing results from Netflix and Tesla weighed on the Nasdaq index, resulting in a loss for the week. Economic news was light this week but did include the June U.S. retail sales number, which was below expectations. However, an upward revision to the May retail sales number helped to offset the June results.