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Closing Bell: Netflix Jumps, Block Rises, Blue Owl Slides
Description
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Bailey Lipshultz, Carol Massar and Tim Stenovec
- Block (XYZ) shares rally 17% after the financial technology company said it was reducing its workforce by nearly half in a bet on AI.
- Netflix (NFLX) shares rise 8.5% after the streaming giant dropped out of the fight to buy Warner Bros. Discovery, effectively ending the bidding war for the Hollywood studio.
- Shares of Blue Owl Capital (OWL) are on track for their biggest monthly decline in nearly four years, as investor anxiety grows over turbulence in the $1.8 trillion private credit industry. Blue Owl’s stock is down 18% so far in February, putting it on pace for the worst monthly performance since June 2022, according to data compiled by Bloomberg.
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