StubHub, DoorDash, Netflix, and More

Major U.S. equities indexes were mixed Friday afternoon, following a sharp decline Thursday fueled by a selloff of tech stocks. The Dow Jones Industrial Average was down 0.3%, while the S&P 500 was up 0.5%, and the Nasdaq climbed 0.8%.

StubHub (STUB) stock dropped nearly 25%, in its worst day since going public in September, a day after the ticket reseller declined to offer guidance for the current quarter.

Shares of drugmaker Bristol-Myers Squibb (BMY) lost 3.4%, making it the biggest decliner on the S&P 500. The company is halting a trial of a heart drug it is developing with Johnson & Johnson (JNJ).

Netflix (NFLX) shares slipped about 3%, a day after reports emerged the streaming giant is among those preparing bids to acquire Warner Bros. Discovery (WBD).

Cidara Therapeutics (CDTX) stock soared, more than doubling in value after Merck (MRK) announced a deal to acquire the flu prevention drugmaker for $221.50 per share, valuing it at some $9.2 billion.

DoorDash (DASH) stock was among the biggest S&P gainers with a nearly 7% rise, reclaiming some of the food delivery platform’s losses following its earnings report last week.

The price of Bitcoin fell, briefly dropping below $95,000 Friday morning. Most other major cryptocurrencies also slid. Oil futures climbed 2.5% to above $60 per barrel, while gold futures were down about 2%. The yield on the 10-year Treasury note was little changed. The U.S. dollar was slightly lower against the euro, pound, and yen.