Netflix down 7.26% to 68.95 — that's the headline, and that sets the tone for everything else tonight.
Netflix down 7.26% to 68.95 — that's the headline, and that sets the tone for everything else tonight. META down 2.79% to 646. Tesla off 2.61% at 380.84. Nvidia down 2.21% at 202.81. Google dropped 2.17% to 346.77. Intel down 2% at 95.04. Microsoft off 1.81% at 393.82. One green name in the whole…
Transcript
Netflix down 7.26% to 68.95 — that's the headline, and that sets the tone for everything else tonight.
META down 2.79% to 646. Tesla off 2.61% at 380.84. Nvidia down 2.21% at 202.81. Google dropped 2.17% to 346.77. Intel down 2% at 95.04. Microsoft off 1.81% at 393.82. One green name in the whole tech stack — Oracle up 1.77% to 126.41. Everything else is red, and Oracle didn't just survive the tape, it moved against it.
QQQ down 1.5%. SPY off 0.99%. DIA down 0.77%. Small caps holding best — IWM off just 0.52%, relative strength worth noting. VIX at 18.77 — not a fire alarm, but not nothing either. Gold up 0.68%, which tells you exactly where money is looking for cover tonight. Asian market data unavailable.
Nothing on the economic calendar — no Fed speak, no data drops, no Washington noise to trade around.
Earnings on deck: AGNC after the close, EPS estimate 38.8 cents. ALZN before the open, estimate negative 68 cents. AMC before the open, estimate negative 7.7 cents. ADMT, AUBN, and AUSI also on the board — no consensus estimates published.
Bottom line — when Netflix, Nvidia, META, Google, and Microsoft all drop together, that is not rotation. That is risk-off, full stop. Oracle bucking the entire sector is the one data point worth watching. Gold catching a bid confirms the posture.
Numbers don't lie. People do. Trade accordingly.