A selloff into the close erased any signs of a gain today. While the Nasdaq 100 was able to hold onto a 14 point gain (0.35%) for the day it was still well off its high for the day. The S&P 500 ended flat for the day (-0.02%) and the Dow 30 gave back 95 points (-0.60%). Though the markets were all over the place today not every stock suffered the same fate.Good news for shares of Netflix (NFLX ) as it gains 2.69% today. According to a new report by Ampere Analysis, the streaming giant will spend close to 25% of its original content budget on titles produced outside of the United States. The research firm says Netflix is focusing on France, Italy, Spain, and the U.K. Investors see this as good news since this extra content, if done correctly will attract more subscribers and contribute to growth. Time will tell.
Coal stocks started the day strong but were unable to stave off the sellers. Stocks like Consol Energy (CNX ) gapped higher but lost 4.25% today following the Supreme Court's decision to block President Obama's plan to limit carbon emissions from power plants. The court's 5-4 vote halts the Environmental Protection Agency's Clean Power Plan until the final months of President Obama's term. While this is good news in the short term, traders just could not forget the severe declines in coal stocks over the past few years.
Lastly, it can't all be good news today as SolarCity (SCTY ) took a 29% hit today. Shares plunged to new 52 week lows today after the company forecasted a bigger-than-expected loss for the first quarter. This comes as solar panel installations missed last year's target, despite posting a 73% jump from 2014. The nation's largest solar panel installer, which is backed by Tesla (TSLA ) founder Elon Musk, has lost nearly half its value over the past 12 months on concerns over demand for renewable energy. These concerns come on the heels of extremely discounted oil prices.