Live stock market updates: With just one hour left in today’s trading session, the S&P 500 and Nasdaq Composite are poised to close at record levels.
trader Jon Najarian said on Wednesday he's joined Greenlight Capital founder David Einhorn in a bet against Netflix. In explaining his "big" short, Najarian said the video streamer's stock is so expensive that it can't afford to disappoint Wall Street's subscriber expectations like it did on Tuesday. Netflix fell short of subscriber addition estimates in the U.S.
"But data flow, Governing Council member comments and the prospect of some information about the strategy review have increased the risk of a hawkish undertone. The last set of policy minutes from the December meeting already point that way." European Central Bank President Christine Lagarde is expected to lay out details of a sweeping ECB strategy review. "It could be controversial, but not at this meeting…The market is focused on inflation and the inflation target.
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