U.S. President Donald Trump delivered a primetime speech focusing on election security, which coincided with significant market reactions. Netflix shares fell over 8% in after-hours trading due to a disappointing earnings forecast and a decision to reduce the frequency of engagement metric updates.
Alphabet's stock also dropped 4% as reports indicated delays in the rollout of its Gemini 3.5 Pro model, attributed to coding issues. Despite a generally solid earnings season, with over 87% of S&P 500 companies exceeding Wall Street estimates, all three major U.S. indexes closed in negative territory.
Additionally, short selling against SpaceX has surged, with nearly one-third of its public float now sold short, reflecting growing bearish sentiment as the stock struggles below its IPO price of $135. This combination of disappointing earnings and increased short interest in high-profile stocks highlights investor caution amid broader market volatility