Stock Market Today: Nasdaq Spirals as Netflix Nosedives

A big earnings boom for credit card giant American Express helped the Dow notch another win.

Netflix logo on smartphone sitting on computer keyboard
(Image credit: Beata Zawrzel/NurPhoto via Getty Images)

A sharp selloff in tech and communications services stocks weighed on market sentiment Friday, though solid earnings results for a blue chip credit card company kept the Dow Jones Industrial Average above water. And the volatility could continue next week thanks to a barrage of Big Tech earnings and a key inflation update.  

At the close, the Dow was up 0.6% at 37,986 thanks to a post-earnings pop for American Express (AXP). 

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Karee Venema
Senior Investing Editor,

With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at Schaeffer's Investment Research. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis.