Shares of Netflix are surging thanks to gains in the Nasdaq and success of its new series "Wednesday."
Uncertainty regarding the length and duration of the downturn have hung over the market like an anvil this year, with many investors afraid to buy the dip for fear of suffering further declines. Add to that the Federal Reserve Bank's relentless campaign of rising interest rates to combat persistent inflation, and it's no wonder that consumers and investors alike have shifted their behavior based on the tough macroeconomic conditions. Netflix (NASDAQ: NFLX) surged 9.2%, Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) jumped 5.4%, honorary member Microsoft (NASDAQ: MSFT) climbed 5.8%, while Apple (NASDAQ: AAPL) and Amazon (NASDAQ: AMZN) each rallied 4.5% by the time the market closed on Wednesday.
Netflix, Inc. (Nasdaq: NFLX) announced today that Ted Sarandos, Co-CEO and Chief Content Officer, will present at the UBS Global TMT Conference on Tuesday, December 6, 2022. Mr. Sarandos is scheduled to present at 11:10 a.m. Pacific Time / 2:10 p.m. Eastern Time.