Tech Stocks Climb, But Broader Indexes Are Mixed
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What are the main market trends highlighted in today’s Closing Bell Brief?
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How did technology stocks perform and why did AI demand boost them?
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Here's your Closing Bell Brief for Friday, September 18. I'm Julie Chang for The Wall Street Journal. U.S. stocks finished mixed today, though continued strong demand for AI helped technology stocks climb. The Dow fell about 0.2%, while the S&P 500 closed up about 0.2%. And the tech-heavy Nasdaq was up 0.4%.
Why did Netflix shares drop and what did analysts say about its viewership?
Meanwhile, the 10-year Treasury yield moved back above 5%. And oil prices edged lower as fears of major supply disruptions eased. Among individual stocks, shares of Netflix fell nearly 5%. Analysts at Wells Fargo downgraded the stock due to weak viewership trends. Nestle's stock dropped more than 2.5% after the Russian government seized control of the company's local assets. Shares of Sandoz Group rose 1% after regulators in Canada approved the company's generic version of Ozempic. And Nike's stock retreated more than 2% ahead of its removal from the S&P 100 index of large cap companies.
What corporate news affected Nestlé, Sandoz Group, and Nike this week?
Heads up, an artificial intelligence tool helped us make this episode by creating summaries that were based on WSJ reporting and then reviewed and adapted by an editor. We'll have more coverage of the day's news on the WSJ's What's News podcast. Listen and subscribe wherever
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How does the AI‑generated summary tool work and where can listeners hear more WSJ news?
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Chapters
5 chapters
1
What are the main market trends highlighted in today’s Closing Bell Brief?
0:00–0:28
2
How did technology stocks perform and why did AI demand boost them?
0:28–0:56
3
Why did Netflix shares drop and what did analysts say about its viewership?
0:56–1:38
4
What corporate news affected Nestlé, Sandoz Group, and Nike this week?
1:38–2:08
5
How does the AI‑generated summary tool work and where can listeners hear more WSJ news?
2:08–2:11