{"id":5721,"date":"2026-09-18T15:15:36","date_gmt":"2026-09-18T15:15:36","guid":{"rendered":"https:\/\/tradertideinsights.com\/?p=5721"},"modified":"2026-09-18T15:15:36","modified_gmt":"2026-09-18T15:15:36","slug":"dow-opens-90-pts-lower-as-buffett-steps-down-netflix-stock-slides-5","status":"publish","type":"post","link":"https:\/\/tradertideinsights.com\/?p=5721","title":{"rendered":"Dow opens 90 pts lower as Buffett steps down, Netflix stock slides 5%"},"content":{"rendered":"
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US stocks opened mixed on Friday morning, a day after Wall Street posted its best session since early August.<\/p>\n

The Dow Jones Industrial Average fell 93 points, or 0.18%. The S&P 500 was little changed, up about 0.1%. The Nasdaq Composite ticked up 0.33%.<\/p>\n

Thursday’s rebound, in context<\/h2>\n

The Fed’s first rate hike in three years<\/a> rattled markets Wednesday.<\/p>\n

Stocks bounced back hard on Thursday.<\/p>\n

The Dow rose 316.14 points, or 0.61%, to close at 51,778.04.<\/p>\n

The S&P 500 gained 1.14% to 7,637.76.<\/p>\n

The Nasdaq Composite jumped 1.69% to 26,418.30.<\/p>\n

Falling Treasury yields and cooling oil prices helped drive the rebound, alongside gains in Nvidia, Amazon and Microsoft.<\/p>\n

Yields stay elevated<\/h2>\n

The 10-year Treasury yield rose more than 3 basis points to 4.98% Friday morning.<\/p>\n

It had climbed above 5% earlier this week, its highest level since July 2007, before easing back Thursday.<\/p>\n

Elevated yields are weighing on stocks again this morning, even after Thursday’s relief rally.<\/p>\n

Buffett steps back at Berkshire<\/h2>\n

Berkshire Hathaway announced Friday that Warren Buffett is stepping down as chairman.<\/p>\n

He will become chairman emeritus and remain on the board, continuing to advise the company.<\/p>\n

His son, Howard Buffett, will take over as chairman, a transition long signaled by the company.<\/p>\n

Meyer Shields, an analyst at Keefe, Bruyette & Woods, said in a note that he expects “some pressure” on Berkshire’s shares Friday following the announcement.<\/p>\n

Buffett has led Berkshire since 1965, delivering a 19.7% compounded annual return, roughly double the S&P 500’s return over that period.<\/p>\n

Triple witching adds to the mix<\/h2>\n

Friday is also a “triple witching” day, when stock options, stock index futures, and index options all expire simultaneously.<\/p>\n

It happens four times a year, on the third Friday of March, June, September, and December.<\/p>\n

The event can produce unusually heavy trading volume and sharp, late-session index swings, unrelated to any actual news.<\/p>\n

Netflix slides on downgrade as Intel, IREN ride analyst upgrades<\/h2>\n

Netflix shares fell more than 5% in trading after Wells Fargo downgraded the stock to Underweight from Equal Weight, its first-ever sell-equivalent rating on Netflix, and slashed its price target to $57 from $80.<\/p>\n

Intel shares rose 0.6% to $109.54, extending a rally that began Wednesday on reports of exploratory talks with SK Hynix over manufacturing memory chips in the US, possibly through Intel’s planned Ohio fab.<\/p>\n

IREN gained about 2.6% in trading after Northland Capital initiated coverage on the stock, adding it to a growing list of AI-infrastructure names drawing fresh Wall Street attention this week.<\/p>\n

Elsewhere in markets<\/h2>\n

Gold futures rose 0.41% to $4,356.69 an ounce.<\/p>\n

Silver futures jumped 1.89% to $66.42 an ounce.<\/p>\n

In Asia, chipmakers including Samsung Electronics and SK Hynix rallied following a bullish outlook from Nvidia, helping lift the MSCI Asia equities gauge 0.8%.<\/p>\n<\/p>\n

The post Dow opens 90 pts lower as Buffett steps down, Netflix stock slides 5%<\/a> appeared first on Invezz<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

US stocks opened mixed on Friday morning, a day after Wall Street posted its best session since early August.The Dow Jones Industrial Average fell 93 points, or 0.18%. The S&P 500 was little changed, up about 0.1%. The Nasdaq Composite ticked up 0.33%.Thursday’s rebound, in contextThe Fed’s first rate hike in three years rattled markets Wednesday.Stocks…<\/p>\n","protected":false},"author":1,"featured_media":5722,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-5721","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock"],"_links":{"self":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/posts\/5721","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5721"}],"version-history":[{"count":0,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/posts\/5721\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/media\/5722"}],"wp:attachment":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5721"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5721"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5721"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}