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 dampens Nasdaq futures
The Nasdaq MarketSite in New York.
Michael Nagle | Bloomberg | Getty Images
2. Netflix is losing subscribers by a quarter for the first time in about 10 years
In this photo illustration the American global on-demand internet streaming media provider Netflix logo seen displayed on an Android mobile device with the word canceled on a computer screen.
SOPA Images | Light flare | Getty Images
3. P&G beats on profits and revenue as price increases help offset rising inflation
Notice of Dawn liquid dish soap at Stop & Shop supermarket.
Ron Adar | Light flare | Getty Images
Topping Wednesday’s earnings releases, Procter & Gamble reported fiscal third-quarter earnings and revenue that beat expectations as higher prices helped offset soaring commodity inflation and rising transportation costs. For fiscal 2022, P&G raised its revenue growth forecast to a range of 4% to 5%, up from its earlier guidance of 3% to 4%. The consumer products company reiterated its key earnings-per-share forecast, but said it expects the lower end of its expected growth range of 3% to 6%, citing inflation and headwinds currencies.
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 creating a new social media platform.
jim watson | AFP | Getty Images
5. Russia puts pressure on Mariupol and intensifies the attack on the eastern front of Ukraine
Russian forces pressured a pocket of Ukrainian resistance in Mariupol amid renewed hopes on Wednesday for an evacuation of thousands of civilians. The shattered port city is a key battleground in Moscow’s renewed attack to seize control of the industrial heartland of eastern Ukraine. In addition to pounding Mariupol, Russian forces have stepped up their attacks in the Donbass region, home to coal mines, metallurgical plants and factories vital to Ukraine’s economy. Both sides described intensified assaults along a broad eastern front that began on Monday as a new phase in the war.
— The Associated Press contributed to this report.
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