The stimuli are still not coming. Wall street listed are slight increases at this time on Wednesday between the "good progress" of the negotiations between Democrats and Republicans and the harsh correction of Netflix, which falls 6.5% after being unable to convince with its quarterly accounts.
The popular streaming platform has blamed its slowdown in growth on "record first-half results."
Whoever warns is not a traitor, and Netflix previously warned that this would happen. In any case, the company has acknowledged in a statement that although "the state of the pandemic and its impact continues to make projections very uncertain," they expect to return to their pre-Covid levels at some point, probably starting in 2021 and always hand in hand with the macroeconomic recovery.
The other side of the coin on the business front is Snap, which soars 30% after surprising with its earnings in the quarter. Investors have started to buy after the Snapchat parent company announced an increase in its income of 52% in the third quarter. This Wednesday it will be the turn of Tesla, which is confessed after the market closes.
Investors are also betting on Paypal. The firm has announced a new feature that will allow users to buy, hold and sell cryptocurrencies. This new service will be possible in the coming weeks in the United States. After hearing the news, the company's shares soar 5%.
This Wednesday it was also known The Fed Beige Book. Those of Jerome Powell have warned of a slow recovery in terms of employment in several US districts given the health concerns of employees due to the pandemic, which has led companies to adopt more flexible work schedules.
The document includes that several companies have reported additional costs for the deployment of sanitary measures, such as personal protective equipment, hygiene equipment, as well as the deployment of the technology necessary for remote work.
On the other side of the Atlantic the Ibex and the rest of Europe have closed with strong falls after suddenly turning around. Finally, in Asia the stock markets have closed with a mixed sign and some indecision.