Netflix and Alphabet stocks were up 1.74% and 0.01%, respectively while most of the FAANG subsided.
On Friday’s close, June 25, the online streaming platform sent the stock price higher at $527.07 per share. It is expected to open Monday’s session at 0.08% or 0.43 points.
An analyst stated that the reason for Netflix’s climb is its rebound in rising subscriber growth.
Last Thursday, the firm’s stock was down 4.00% year to date. Investors are having concerns about whether the platform can keep increasing its users.
Fortunately, the streaming-video company announced that it added 37 million subscribers with an appreciated stock of 60% in 2020.
Also, the Google Inc. parent company sent the stock price above $2,450.17 per share. It is expected to have an after-hours of $2,450.21 per share.
Meanwhile, Facebook Inc. stocks closed Friday’s session with a 0.53% fall or a net change of $1.81.
This sent the stock price to the bottom at $341.37 per share and it is expected to open with another dip of 0.07% or 0.25 points to $341.12.
Furthermore, Amazon.com Inc. also sent its stock price below 1.38% or 47.62 points sending the stock price deeper at $3,401.46 per share.
It is expected to open Monday’s session falling at 0.46 points or 0.01% to $3,401.00 per share.
Lastly, Apple Inc. also plummeted 0.22% or 0.30 points sending the company’s stock price at $133.11 per share.
It is expected to have an after-hours slip of 0.09% or a net change of $0.13 at $132.98 per share.
Meanwhile, global stocks are trading near a record high due to the US Federal Reserve’s easing on its hawkish stance.
Due to this, investors are dialing back their concerns that the central bank’s policymakers might rush the boosting of interest rates despite the surging inflation pressures.
Still, markets remain sensitive to the Fed’s debate on the withdrawal of its emergency stimulus.
The world’s stock market biggest gainers are Hong Kong’s Hang Seng, Sweden’s OMXS30, and China’s Shanghai Composite all rising 1.40%, 1.28%, and 1.15%, respectively.
Consequently, Mexico’s IPC index and Germany’s TecDAX belong to the group climbing 0.77% and 0.74%, respectively.
On the other hand, the worst performers were Brazil’s BOVESPA, Pakistan’s KSE 100, and Venezuela’s IBC index all crashing 1.55%, 0.75%, and 0.56%, respectively