U.S. stocks on the move: Netflix, Coinbase Global, Accenture
NFLX•Netflix shares dipped after the company cut its most jobs since 2022, while Coinbase and other crypto-linked stocks fell as bitcoin hit a one-week low. Accenture shares rose after setting long-term revenue targets.
1. Market moves
Netflix cut its most jobs since 2022, and its shares dipped. Coinbase Global, Robinhood Markets, Riot Platforms and Canaan fell as bitcoin slid to a one-week low.
2. Accenture rises
Accenture shares rose after the company set long-term revenue targets. The S&P 500 fell 1.09% and the Nasdaq Composite dropped 1.66% at 13:19 EDT, as bank declines and hot inflation data boosted bets on interest rate hikes.
