Netflix Shares Miss Out on Nasdaq Record; Focus Shifts to Ads
Netflix Inc. traded down about 1.2% to $86.36 late Thursday, giving the streaming company a market value near $371 billion. Shares hit a low of $85.60 in the session while most of the market was leaning into risk. Nasdaq ends at a record, up 0.91%. S&P 500 also set an all-time high after reports of a U.S.-Iran ceasefire extension gave stocks a lift. Traders mostly focused on headlines, not the move’s size.