Stock Market News, April 16, 2026: Netflix Tumbles After Hours

Netflix said co-founder and Chairman Reed Hastings will step down from the board in June when his term expires, in its first earnings report since walking away from a deal to buy Warner Bros. Discovery’s studios and HBO Max. Netflix also offered disappointing guidance, helping send shares down 8% after the regular trading session.

Stocks scored two more records Thursday, with the S&P 500 and Nasdaq composite both closing at their second straight all-time high.

Investors are growing increasingly confident that the U.S. and Iran will eventually reach a peace deal, and have been encouraged by signs that a second round of talks is taking shape. President Trump said the U.S. might hold discussions with Iran this weekend. “We’re very close to making a deal,” he told reporters.

Stocks moved slightly higher in midday trading and held onto the gains. The Nasdaq rose 0.4%, its 12th straight day of gains. The last time it rose so many times consecutively was 2009. The S&P 500 rose 0.3%, while the Dow industrials added 0.2%.

Oil prices advanced, with Brent crude up 4.7% to $99.39 a barrel. U.S. officials said early Thursday that it had expanded its blockade of Iran to “all ships, regardless of nationality” and would pursue them beyond the Middle East.

While energy flows out of the Persian Gulf remain severely curtailed, Trump said Israel and Lebanon have reached a 10-day cease-fire agreement that will begin at 5 p.m. ET Thursday.

Treasury yields drifted higher as investors weigh the next move in interest rates. Gold and silver slipped, while Japan’s Nikkei 225 finished at a new high.