On Wednesday, the US stock market opened with significant shifts in various asset classes. Spot gold prices declined by 2.1%, reaching $4039.48 per ounce, building on a 5% plunge recorded on Tuesday evening—its most significant one-day drop since 2020. This downturn in gold prices was attributed to market volatility. Concurrently, shares of streaming service Netflix saw a 6% drop in extended hours trading. This decrease was linked to both disappointing earnings and an ongoing tax dispute involving Brazil. Furthermore, the article noted that major companies Tesla and IBM were scheduled to report their performance later in the day.
Source: https://www.livemint.com/news/us-news/us-stock-markets-open-red-gold-dips-2-1-netflix-falls-6-after-weak-earnings-and-tax-spat-11761140271050.html