--- title: "Tech Rotation, Netflix Earnings Pressure Stock Futures Lower" type: "News" locale: "en" url: "https://longbridge.com/en/news/293042295.md" description: "US stock futures fell sharply, with the Nasdaq down over 500 points due to a semiconductor selloff and AI spending fears. Netflix dropped 11% after missing revenue estimates despite an earnings beat. Alcoa declined 1.8% by lowering its production outlook, while SpaceX fell 4.3% following a rocket launch failure. Global markets also retreated, with Asian indices like Japan's Nikkei and China's Shanghai Composite posting significant losses." datetime: "2026-07-17T13:15:54.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/293042295.md) - [en](https://longbridge.com/en/news/293042295.md) - [zh-HK](https://longbridge.com/zh-HK/news/293042295.md) --- # Tech Rotation, Netflix Earnings Pressure Stock Futures Lower Stock futures are suffering another setback to end the trading week, with semiconductor stocks running up against **AI spending** fears. Futures on the S&P 500 Index (SPX), Nasdaq-100 Index (NDX), and Dow Jones Industrial Average (DJI) are all deep in the red, though the Nasdaq is the only index pacing for a weekly loss. Oil prices are up 3% at last check, after the U.S.' sixth consecutive strike on Iran last night. Back home, more big-name earnings have crossed the tape, including Netflix (NFLX), which is suffering a 10% premarket drop. _Continue reading for more on today's market, including:_ - Don't forget **this options strategy** for earnings season. - 15 stocks **short sellers** are targeting. - Plus, more on Netflix; SpaceX fumbles a launch; and Alcoa moves lower. ## 5 Things You Need to Know Today 1. The Cboe Option Exchange saw roughly 2.8 million call contracts and 1.9 million put contracts traded on Thursday. The single-session equity put/call ratio fell to 0.67, while the 21-day moving average remained at 0.58. 2. **Netflix Inc (NASDAQ:NFLX)** stock is plummeting 11.2% before the bell, after the company posted a slim earnings beat and revenue that missed estimates. Netflix also plans to trim its investor engagement reports. NFLX has shed 20% in 2026. 3. **Space Exploration Technologies Corp (NASDAQ:SPCX)** stock is off 4.3% in electronic trading, after **the company** halted its Starship mega rocket launch due to engine failures. SPCX yesterday logged its fifth-straight drop and continued its journey below its IPO price of $135. 4. **Alcoa Corp (NYSE:AA)** stock is down 1.8% in premarket trading, the company brushing off a second-quarter earnings and revenue beat. The aluminum name did lower its 2026 production outlook for alumina, however. AA is 11.3% lower for 2026, and has taken a 44% haircut off its June 2 four-year peak of $84.38. 5. Expect a fresh batch of **big name earnings** next week. ## Asian Markets Fall Alongside U.S. Counterparts Asian markets fell today, as the semiconductor selloff expands. Japan’s Nikkei lost 4%, with SoftBank’s 9% gap lower weighing. Hong Kong’s Hang Seng lost 1.8%, while China’s Shanghai Composite gave back 3.1%. South Korea’s Kospi was closed for holiday. In Europe, bourses are pointed lower, with investors scrambling to rotate into risk-off sectors. At last look, London’s FTSE 100 is down 0.1%, the French CAC 40 is 0.8% lower, and the German DAX is down 0.6%. ### Related Stocks - [000001.CN](https://longbridge.com/en/quote/000001.CN.md) - [.IXIC.US](https://longbridge.com/en/quote/.IXIC.US.md) - [NFLX.US](https://longbridge.com/en/quote/NFLX.US.md) - [SPCX.US](https://longbridge.com/en/quote/SPCX.US.md) - [AA.US](https://longbridge.com/en/quote/AA.US.md) - [QQQM.US](https://longbridge.com/en/quote/QQQM.US.md) - [NFXS.US](https://longbridge.com/en/quote/NFXS.US.md) - [NFLW.US](https://longbridge.com/en/quote/NFLW.US.md) - [1330.JP](https://longbridge.com/en/quote/1330.JP.md) - [NFLU.US](https://longbridge.com/en/quote/NFLU.US.md) - [NFXL.US](https://longbridge.com/en/quote/NFXL.US.md) - [QQQE.US](https://longbridge.com/en/quote/QQQE.US.md) - [PSQ.US](https://longbridge.com/en/quote/PSQ.US.md) - [SSPC.US](https://longbridge.com/en/quote/SSPC.US.md) - [ONEQ.US](https://longbridge.com/en/quote/ONEQ.US.md) - [QQQ.US](https://longbridge.com/en/quote/QQQ.US.md) - [QQEW.US](https://longbridge.com/en/quote/QQEW.US.md) - [SPCH.US](https://longbridge.com/en/quote/SPCH.US.md) - [TQQQ.US](https://longbridge.com/en/quote/TQQQ.US.md) - [QLD.US](https://longbridge.com/en/quote/QLD.US.md) - [SPCU.US](https://longbridge.com/en/quote/SPCU.US.md) - [SQQQ.US](https://longbridge.com/en/quote/SQQQ.US.md) - [QID.US](https://longbridge.com/en/quote/QID.US.md) - [NFLY.US](https://longbridge.com/en/quote/NFLY.US.md) - [NFLP.US](https://longbridge.com/en/quote/NFLP.US.md) - [SPCF.US](https://longbridge.com/en/quote/SPCF.US.md) - [SPAL.US](https://longbridge.com/en/quote/SPAL.US.md) - [SNK.US](https://longbridge.com/en/quote/SNK.US.md) - [LOFF.US](https://longbridge.com/en/quote/LOFF.US.md) ## Related News & Research - [Alcoa (AA) Earnings Strength Meets Lower Guidance With Valuation Still In Focus](https://longbridge.com/en/news/294353565.md) - [Cetera Investment Advisers Has $6.34 Million Stock Holdings in Alcoa $AA](https://longbridge.com/en/news/294599014.md) - [Netflix lands global streaming deal for ‘The Walking Dead’](https://longbridge.com/en/news/294388203.md) - [Flipkart ties up with Netflix to offer loyalty members mobile streaming plan](https://longbridge.com/en/news/294505705.md) - [Netflix Just Knocked the BBC Off Its Throne — Streaming Emerges as Fastest Growing Category: Report](https://longbridge.com/en/news/294165927.md)