Netflix and Cisco Trade Amid Market Volatility

Investors made their final trades before the market closed on Thursday, and some notable moves included Netflix and Cisco Systems. The S&P 500 Index declined by 0.4% to close at 3,983.85.

Netflix's stock price fell 2.8% to $342.55 per share after a disappointing earnings report from the company earlier in the week. Despite missing analyst expectations for revenue growth, Netflix's subscriber base increased by 7 million users in Q4 2022.

Cisco Systems, on the other hand, saw its stock price rise by 1% to $61.23 per share. However, Union Pacific and CrowdStrike were among the biggest losers of the day, with their shares falling by 3.5% and 6.7%, respectively.