5 things to know before the stock market opens Friday, July 19 [Video]

Here are five key things investors need to know to start the trading day:

1. Market rotation

Stocks fell again on Thursday as investors continued to dump megacap tech plays. The Dow Jones Industrial Average dropped 533.06 points, or 1.29%, while the S&P 500 lost 0.78% and the technology-heavy Nasdaq Composite slipped 0.70%. This time, the downslide affected more than just the big tech names as nine out of 10 Dow categories and 10 out of 11 S&P 500 sectors saw losses. Even the small-cap-focused Russell 2000, which has benefited from expectations for forthcoming interest rate cuts, lost about 1.9%. Meanwhile, bucking the trend, Nvidia shares rose nearly 3% Thursday. Follow live market updates.

2. Major global outage

3. Ta-dum

Netflix beat analyst estimates when it released its second-quarter earningsafter the bell Thursday. The streaming giant also added more global subscribers and said its ad-supported memberships grew 34% during the quarter compared with the same period last year. It reported that …