Stocks Mixed As Debt Deal Awaits Key House Meeting; Netflix Jumps, Disney Dips
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deadline.comStock indexes are mixed Tuesday after President Joe Biden and House Speaker Kevin McCarthy hashed out debt deal over the long weekend, one that now faces a key committee approval to get to the floor for a vote.
The tech-heavy Nasdaq is a standout, up more than 0.50% as an AI boom buoys the sector, shrugging off debt jitters. Netflix shares are changing hands at about $394, up 4%.
Apple, Roku. Meta and Amazon are also higher. But Dow component Disney is off 0.8% at about $87 bucks with the DJIA dipping by over 100 points.
Warner Bros. Discovery, Endeavor, Fox, Comcast, Lionsgate, Spotify and all of the exhibitors are trending lower. Paramount Global is up more than 4%.
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