Stock Market Winners & Losers: Nasdaq Pops as Netflix Shines | Netflix Shares Up After Topping Subscriber Growth | College Enrollment Picks Up After Decade of Declines
Summary:
**Stock Market Highlights:**
- Nasdaq rose after Netflix reported record subscriber growth, leading to upward momentum in tech stocks.
- S&P 500 reached another record close.
- Microsoft's market value surpassed $3 trillion, joining Apple as the only companies above this threshold.
- Homebuyer demand increased, driving higher mortgage applications despite a slight rise in interest rates.
- EBay cut 9% of its workforce as the online marketplace faced challenges in growth.
**Netflix Performance:**
- Netflix shares surged 9.2% after adding 13.1 million subscribers, reaching a total of 260.8 million paid subscribers.
- Quarterly income for Netflix was $937.8 million, a significant increase from the prior year.
- Netflix plans to stream WWE Raw, marking a significant move into live entertainment.
- The advertising-based plan now has over 23 million global monthly active users.
**College Enrollment Trends:**
- College enrollment increased by 1.2% in the fall of 2023, ending a decade-long decline.
- Despite the rise, there are still over 1 million fewer students enrolled than pre-COVID.
- Students are opting for shorter-term degrees and vocational programs, possibly due to concerns over rising costs.
- Financial aid is deemed necessary by 98% of families to afford college.
- Completing a bachelor's degree significantly increases earning potential, with degree holders earning 75% more than those with only a high school diploma.
Overall, positive trends were observed in the stock market, particularly for Netflix, and a reversal in the decline of college enrollment was noted, although concerns about costs persist.
#RobBlackShow #RobBlack #Stocks #Viral #Trending #stockmarket #Market #Finance #Investing #Investment #MarketsUpdate #News
Learn More https://linktr.ee/RobBlack
