Market
TSMC's Chip Heat Extends the Record Run, Then Netflix Drops a Double Surprise After the Bell
ChartMillApr 17, 2026
Thursday was the second consecutive record close for the S&P 500 and the Nasdaq, and for most of the session the driver was straightforward: TSMC's quarterly numbers were the kind of print that leaves the semiconductor bulls feeling vindicated. Then Netflix reported after the bell, and within minutes the stock was down 8% on two pieces of news the market clearly hadn't priced in, a softer forward outlook and the departure of Reed Hastings from the chairman's seat.
