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Barchart
Barchart
Oleksandr Pylypenko

Nasdaq Futures Plunge as Disappointing Tesla and Netflix Results Weigh on Sentiment

September Nasdaq 100 E-Mini futures (NQU23) are down -0.67% this morning as disappointing earnings results from U.S. heavyweights Tesla and Netflix weighed on sentiment, while investors looked ahead to the next round of corporate earnings.

Netflix Inc (NFLX) tumbled over -6% in pre-market trading after the company reported weaker-than-expected Q2 revenue and issued a disappointing Q3 revenue forecast. Also, Tesla Inc (TSLA) fell more than -2% in pre-market trading after the Austin-based company’s profitability shrank in Q2 and CEO Elon Musk indicated the possibility of price cuts during “turbulent times.”

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