Ahead of the Academy Awards, we’ve been dutifully watching the films nominated for Best Picture and finally checked “F1” off our list, learning that while racing awards only one winner, it also rewards teamwork. Perhaps that’s what’s behind the unusual partnership between “F1” maker Apple and Netflix, which are sharing the spoils of each one’s F1 wins. Apple will allow Netflix to simulcast the F1 Canadian Grand Prix, and in return Apple TV can carry Netflix’s popular “Drive to Survive” docuseries.
The S&P 500 and Nasdaq 100 fell while the Russell 2000 gained on Thursday as investors digested Nvidia’s earnings. Most constituents of the S&P 500 rose as the Invesco S&P 500 Equal Weight ETF advanced, but tech, which was the worst-performing sector, weighed on the S&P 500 and Nasdaq 100. The financials sector fared the best.
