Here are the most important news, trends and analysis that investors need to start their trading day:
1. Wall Street looks mixed as Netflix plunge holds back Nasdaq futures
The Nasdaq MarketSite in New York.
Michael Nagle | Bloomberg | Getty Images
2. Netflix loses subscribers in a quarter for first time in about 10 years
In this photo illustration the American global on-demand Internet streaming media provider Netflix logo is seen on an Android mobile device with the word cancelled on a computer screen.
SOPA Images | LightRocket | Getty Images
3. P&G beats on earnings, revenue as price hikes help offset rising inflation
View of Dawn dish soap liquid at Stop & Shop Supermarket.
Ron Adar | LightRocket | Getty Images
Leading Wednesday’s earnings releases, Procter & Gamble reported fiscal third-quarter profit and revenue that topped expectations as price hikes helped offset spiking commodity inflation and higher freight costs. For fiscal 2022, P&G raised its revenue growth forecast to a range of 4% to 5%, up from its prior outlook of 3% to 4%. The consumer products company reiterated its core earnings per share forecast but said it’s expecting the lower end of its predicted range of 3% to 6% growth, citing inflation and currency headwinds.
4. Tesla set to report earnings as Elon Musk fuels Twitter guessing game
Elon Musk’s investment in Twitter comes after he said he was considering building a new social media platform.
Jim Watson | AFP | Getty Images
5. Russia pressures Mariupol, steps up attack on Ukraine’s eastern front
Russian forces pressured a pocket of Ukrainian resistance in Mariupol amid renewed hopes Wednesday for an evacuation of thousands of civilians. The shattered port city is a key battleground in Moscow’s new onslaught to take control of Ukraine’s eastern industrial heartland. In addition to pounding Mariupol, Russian forces have intensified their attacks in the Donbas region, home to coal mines, metal plants and factories vital to Ukraine’s economy. Both sides have described stepped-up assaults along a broad front in the east that began Monday as a new phase of the war.
— The Associated Press contributed to this report.
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