Stock Market Today: CRM, NFLX Strength & MSFT Weakness

Schwab Network

English - January 04, 2023 23:52 - 2 minutes - 45.3 MB - ★★★★★ - 23 ratings
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Dow Jones today finished in the green along with the S&P 500 Index or SPX, Nasdaq-100, and Russell 2000. The stock market closed higher following the release of December FOMC minutes. Next, Renita Young weighs in on Salesforce (CRM) announcing a restructuring plan that included cutting 10% of workforce. Also, Microsoft (MSFT) was downgraded to neutral from buy at UBS. Finally, Netflix (NFLX) stock price saw strength after New Street initiated coverage with a neutral rating and a $304 price target.