Netflix, Texas Instruments, Intuitive Surgical, and More

Major U.S. equities indexes slid Wednesday afternoon after a flurry of weaker-than-expected earnings reports. The Dow, S&P 500, and Nasdaq all declined.

Netflix (NFLX) was the worst-performing stock in the S&P 500 after the biggest streaming service missed profit estimates amid a tax dispute in Brazil. 

Texas Instruments (TXN) shares also fell after the chipmaker posted disappointing earnings, and gave a weaker-than-expected outlook, saying the rebound in the semiconductor sector hasn’t been as robust as it anticipated.

Intuitive Surgical (ISRG) was the best-performing stock in the benchmark index as the surgical robot manufacturer posted earnings that topped expectations and boosted its outlook as procedures using its da Vinci system grew.

Shares of DraftKings (DKNG) climbed as the sports betting site purchased Railbird Technologies in order to expand into prediction markets, which have soared in popularity.

Avery Dennison (AVY) shares jumped after the package labeling maker posted better-than-expected earnings and said it is teaming with Walmart (WMT) to provide the retailer with sensor technology to digitally track food freshness. Walmart shares were slightly higher.

Oil futures gained, while gold prices continued to slide after their worst day in 12 years. The yield on the 10-year Treasury note was little changed. The U.S. dollar outpaced the pound, but lost ground to the euro and yen. Most major cryptocurrencies traded lower.