Trump sues Wall Street Journal over Epstein report
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Wall Street drifts near records
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Netflix stock slid on Friday, despite a better-than-expected quarterly earnings report. Sometimes, good isn’t good enough for investors.Shares in the Stranger Things streamer dropped 5.1% to $1,209.24.
Investors have spent much of this year dumping the dollar, but strategists at Citigroup are now calling a temporary time-out on that greenback hating. Having been bearish on the dollar DXY, a Citi team led by Dirk Willer made a tactical argument for switching to neutral in the short-term, in note to clients released Thursday.
The week has seen the market meander as it searches for its next catalyst. One possible catalyst — an interest rate cut from the Federal Reserve later this month — has been removed from the equation following sticky inflation reads.
The drop comes the day after the drugmaker said it would add a so-called black-box warning to its gene therapy Elevidys after two teenage boys receiving the treatment died earlier this year.
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