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US stock market report – Netflix tumbles, Intuitive Surgical beats expectations

US markets staged a late rally behind the traditional cyclical sectors, with financials, energy and mining companies leading the charge.

The Nasdaq overcame another 7.4% drop in Netflix (NASDAQ: NFLX) stock, which delivered below expectations, to add 1.2% for the day with the Dow Jones not far behind adding 0.9%.

Thursday marks the beginning of the Earth Day Climate Summit organised by the Biden Administration at which 40 global leaders from 17 economies, representing 80% of global emissions, will put forward their plans to drastically cut emissions and ramp up pressure on corporates to do the same.

Johnson & Johnson reports

Johnson & Johnson (NYSE: JNJ) is one such company that has agreed to reduce emissions by 50% by 2030.

Shares were broadly flat despite the single-shot vaccine producer announcing a 9.6% increase in sales through its pharmaceutical division on the back of the rollout.

The consumer unit struggled to keep up with 2020 levels, with the Neutrogena business seeing revenue decline by 2.3%.

Intuitive Surgical crushes expectations

Surgical-robotics equipment company Intuitive Surgical (NASDAQ: ISRG) also released earnings, reporting 18% growth in first-quarter revenue to US$1.29 billion and a big lift in net income which hit US$426 million.

Intuitive Surgical shares finished the day 9.9% higher on the news.

Market movers

Here are how other popular US stocks fared overnight:

Looking ahead, the S&P/ASX 200 (ASX: XJO) is set to follow the positive lead from US markets and open higher on Thursday. For all the latest, check out Rask Media’s daily ASX 200 report.

The Golden Rules of Investing

We might be experts in retirement, but with combined financial advice experience of 35+ years, we’ve nearly seen it all. 

In mid-2023, our senior team at Wattle Partners Financial Planning put the finishing touches on a brand-new report “The Golden Rules of Investing“.

In this free report, we outline the key principles that determine all of the portfolio construction and investment decisions of Wattle Partners. Collated over decades, this paper should be seen as a work-in-progress, constantly under review in light of the ever-evolving nature of markets. 

You’ll find the free report on my Author page. Simply click the button below to view the Golden Rules.

Information warning: The information on this website is published by The Rask Group Pty Ltd (ABN: 36 622 810 995) is limited to factual information or (at most) general financial advice only. That means, the information and advice does not take into account your objectives, financial situation or needs. It is not specific to you, your needs, goals or objectives. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. Please read our Terms and Conditions and Financial Services Guide before using this website. The Rask Group Pty Ltd is a Corporate Authorised Representative (#1280930) of AFSL #383169.


At the time of publishing, the author of this article does not have a financial or commercial interest in any of the companies mentioned.

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Wattle Partners is a financial advice firm, servicing clients around Australia, specialising in retirement planning (pre and post retirement). 

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