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Don’t Work Out With Covid-19, at the Gym or Anywhere Else

Testing positive for Covid-19 means putting workouts on hold, even if you have zero or mild symptoms.

Given research suggesting that the Omicron variant currently surging world-wide causes milder symptoms, some people set on keeping their New Year’s fitness resolutions may feel tempted to keep going to the gym.

But sports-medicine professionals say you should put exercise on pause, even if you are asymptomatic. The American College of Sports Medicine, for example, suggests low-risk patients should rest for at least 10 days after being diagnosed with Covid-19. If asymptomatic, the rest should last seven days.

“This doesn’t give you a free pass to sit on the couch all day and watch

Netflix,

” says

David Soma,

a sports physician at the Mayo Clinic in Rochester, Minn. Covid-19 sufferers can avoid being completely sedentary by getting up to do light chores and moving throughout the day, so long as they don’t feel chest pain or fatigue.

And after you’ve recovered, restraint is key when resuming workouts. Jumping right back into a vigorous exercise routine could prolong the time it takes to regain fitness levels, or worse, lead to injury or relapse.

The typical rule of thumb when returning to sports after being sick is that if symptoms are below the neck, like chest congestion or an upset stomach, avoid exercise, says Dr. Soma. If the symptoms are above the neck, such as a runny nose or light headache, it’s fine to resume exercise, says Dr. Soma. But start slow with low-intensity activities, like a walk rather than a run, he says.

He suggests people who have mild Covid-19 symptoms follow the same guidelines after the recommended rest period.

The right cadence for resuming workouts differs based on your age, prior health and fitness level and Covid-19 experience. Those who are young, active and have very mild to no symptoms after the rest period can gradually get back to their routine in a manner that ramps up progression over the next few weeks, says

Julie Silver,

an associate professor at Harvard Medical School. Those with hospitalizations or underlying health issues such as diabetes or high blood pressure should work with their primary-care doctor and possibly medical specialists, such as a cardiologist, to plot the return to exercise, she says.

SHARE YOUR THOUGHTS

If you’ve had Covid, how did it affect your exercise routine? Join the conversation below.

People with the lingering symptoms of long Covid must manage workouts carefully. Symptoms of long Covid can include an elevated resting heart rate, extreme fatigue and coughing. These issues can last for weeks to months after infection, making a return to exercise risky without guidance.

“If you can’t progress and feel exhausted every time you go for a walk, you should see a doctor,” says Dr. Silver, adding that you may need pulmonary or cardiac tests.

Take three to four weeks to ease back to your previous activity levels, even if you’re in terrific shape and felt only mild symptoms, says

Michael Fredericson,

a sports-medicine physician at Stanford Health Care.

He suggests adopting low-intensity activities such as walking, cycling, swimming, stretching and yoga. Avoid lifting heavy weights and start with body-weight activities. Working out with a mask on will make it harder to breathe, so you may want to avoid gyms, he says.

Start at 40% to 50% exertion the first week. That might mean a 15-minute walk every other day. If you feel good, slowly ramp up time, frequency and intensity. Take note of how you feel while exercising and if you experience shortness of breath, elevated heart rate, chest pain or fatigue, back off. If symptoms persist, call your doctor, he says.

As with any illness, sleep, good nutrition, and hydration are important for recovery, says

Marie Schaefer,

a sports-medicine physician at the Cleveland Clinic.

“You body is working in overdrive; you need to care for it more than ever after being sick,” she says.

Write to Jen Murphy at workout@wsj.com

Copyright ©2022 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

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Netflix (NFLX) Q3 2021 earnings

Netflix CEO Reed Hastings

Getty Images

Netflix shares were up slightly after-the-bell Tuesday after the company posted third quarter results, showing investors the streamer can continue to attract new subscribers.

  • Earnings per share (EPS): $3.19 vs $2.56 according to Refinitiv survey of analysts
  • Revenue: $7.48 billion vs $7.48 billion, according to Refinitiv
  • Global paid net subscriber additions: 4.4 million vs 3.84 million, according to StreetAccount

The quarter’s subscriber growth of 4.4 million was a solid beat over the expected 3.84 million. Analysts had expected users to flock to the streamer as it began to roll out a slew of content that was delayed to the back half of the year.

The company said it expects to add 8.5 million subscribers in the fourth quarter.

Netflix also announced it start using new metrics for reporting viewers. The company will start reporting hours viewed rather than the number of accounts that watched.

For example, the company’s current top film is “Extraction,” with 99 million accounts having watched at least two minutes of the title in its first 28 days on Netflix. Future reporting would put “Bird Box” as the top film, 282 million total hours viewed in its first 28 days on the platform.

The company said in a letter to investors that the new metrics “matches how outside services measure TV viewing and gives proper credit to rewatching.”

Netflix will also release title metrics more regularly outside of its earnings report, it added.

Netflix also updated investors on its push into gaming. The company said it’s begun testing its games in select countries, but “it remains very early days for this initiative.”

The games will be a part of Netflix subscriptions and will not include advertisements or in-app purchases.

This is a developing story. Check back for updates.

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Palantir, Shiba Inu, Apple, American Airlines: What to Watch in the Stock Market Today

Palantir stock jumped on a U.S. Army contract; Airlines are slipping as fuel costs surge

Stocks dropped after the opening bell, with technology shares leading losses as bond yields extended rises. Here’s what we’re watching as Wednesday’s trading heats up.

Chart of the Day

Write to James Willhite at james.willhite@wsj.com

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Stocks dropped after the opening bell, with technology shares leading losses as bond yields extended rises. Here’s what we’re watching as Wednesday’s trading heats up.

  • Palantir Technologies
    jumped 7% in early trading. The data-software company said it was selected for a U.S. Army intelligence program contract.
  • Facebook
    shares ticked 1.1% lower after the company spent a day in the headlines amid a whistleblower’s testimony on Capitol Hill and a widespread outage of its services.
  • But the downdraft in major tech shares was hitting most of the giants.
    Microsoft
    slipped 0.8% ,
    Apple
    shed 1.4%, Google-parent
    Alphabet
    fell 0.8% and
    Netflix
    gave up 0.4%.
  • Cryptocurrencies turbo-charged by Tesla CEO

    Elon Musk
    got another boost Wednesday. The token Shiba Inu gained 48% over the previous 24 hours, adding to a days-long rally after Mr. Musk posted a new photo of his Shiba Inu puppy named Floki on Monday. The coin now has a market value of $9 billion, making it the twentieth largest cryptocurrency, according to CoinMarketCap.com. Dogecoin, a favorite of Mr. Musk’s, also rose 3% over the previous 24 hours.

  • Shares of
    American Airlines Group
    lost 2.5% and
    Delta Air Lines
    shed 1.7%, weighed down by concerns about fuel costs and a slowing economic growth.
  • Acuity Brands
    soared 13% after the industrial-technology company said its profit for the fiscal fourth quarter rose as sales benefited from improved service levels and an improving economy.
  • Vaccine makers
    Moderna
    and
    Novavax
    look set to remain stuck in the doldrums that began after Merck’s successful test of its Covid-19 treatment. Novavax dropped 3.1% and Moderna fell 4%.
    Pfizer
    was also down, by 0.8%.
  • Business-development company
    Saratoga Investment
    ‘s stock nudged up 1.8% after it reported record repayments during the second quarter.
  • Levi Strauss
    will give an earnings update after the close.
Chart of the Day
  • Silver prices just wrapped up their worst four-month stretch since November 2014, dragged down by expectations for higher interest rates and a slowdown in manufacturing activity.

Write to James Willhite at james.willhite@wsj.com

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Here’s the big challenge confronting the Fed — and it’s not the taper

It would be a great few days to be a fly on the wall at the Federal Open Market Committee meeting.

Even were it normal times, there’s the scandal of regional Fed presidents engaging in stock-market trading, which at least one outside group has said was possibly illegal. But it’s not normal times.

A key issue is the fate of its bond purchase program. A slightly out-of-consensus call comes from Drew Matus, chief market strategist at MetLife Investment Management, who says the Fed will wait until the beginning of next year to start reducing its bond purchases. “They’re trying to find the perfect time to do something that people might not react kindly to, and you probably don’t want to upset the holidays for people,” he says.

There’s also the situation at property developer China Evergrande
3333,
-0.44%,
which has captured media headlines this week as it struggles to pay off creditors. Matus doesn’t expect China to be mentioned in the FOMC statement, and possibly not even the minutes. “Once they get to the point where they don’t think that there’s any sort of systemic risks to the U.S., and financial markets are functioning, that’ll be the end of the conversation, and they will migrate onto other things,” he says.

The big issue confronting the Fed is that demand has recovered more quickly than supply, creating all sorts of shortages as companies struggle to find the necessary workers and parts. “The more widespread shortages are, and the more that we talk about different products being in short supply, the more likely it is that a growing proportion of the consumer class is seeing their expectations for inflation de-anchor,” he says.

Matus says these shortages threaten the economic cycle. “It’s a race between how much do companies have to pay for things, and how much of that can they pass on to consumers,” he says. If corporate profit margins contract sharply, that would increase the chances of a recession, he says. The word “shortage” has received the most mentions in the Federal Reserve’s Beige Book of economic anecdotes since 1973, during the OPEC oil embargo. “If you think of 1973, the U.S. economy wasn’t really functioning all that well then,” he says.

He says he’s perplexed why bond yields remain so low. “When you’re looking at a 10-year note
TMUBMUSD10Y,
1.325%
in the U.S., you’re looking not just at inflation next year, you’re trying to estimate where inflation is going to be over the next 10 years. And so even if inflation moderates from current levels, you would expect inflation would probably average over a 10 year period much higher than the current yield is,” he says, adding he doesn’t think real yields should be negative. The 10-year TIPS yielded -0.98% on Tuesday.

What could be happening is that investors are seeking a flight to quality, he says, though that doesn’t neatly fit with stock markets near records, and other assets surging. “You have to put the money somewhere,” he replies.

Matus says investors are in an unusual position where they can’t measure critical factors like the duration of the pandemic or how it will spread. “I think for a lot of investors, it defaults to basically, ‘do I want to be in the market or do I want to be out in the market, am I risk on or am I risk off?’ And I think that’s the behavior that you’re seeing in financial markets today.”

Market focus on the Fed dot plot

The Federal Reserve decision comes at 2 p.m. Eastern, and Chair Jerome Powell’s press conference is at 2:30 p.m. Key to the market reaction will be the dot plot of interest-rate forecasts. “Today’s dotplot likely will show more dots for a rate hike in 2022, but it’s not clear that progress since the June meeting has been enough to push three more FOMC members — making a majority — into expecting action next year,” said Ian Shepherdson, chief economist at Pantheon Macroeconomics.

The onshore subsidiary of China Evergrande said it has resolved the issue of its coming debt payment, as the fate of a dollar-denominated bond remains in doubt. A report said Evergrande could be restructured into three separate entities that would involve state ownership.

An example of the margin pressure Matus discussed came as shipping and logistics giant FedEx
FDX,
-8.65%
lowered its outlook for the year, citing supply-chain disruptions and a tight labor market.

Adobe
ADBE,
-4.69%
beat Wall Street estimates, though the software maker’s stock still saw pressure.

The Justice Department is investigating Zoom Video Communication’s
ZM,
-0.73%
deal to buy Five9
FIVN,
-0.54%
for $15 billion over China ties, according to a letter posted on the Federal Communications Commission website.

Restaurant payments company Toast
TOST,

is due to start trading, after pricing its initial public offering at $40 per share, significantly above the expected range to garner a $20 billion valuation.

Netflix
NFLX,
+1.66%
agreed to buy the Roald Dahl Story Co., adding popular children’s stories to its stable — and the ability to make not just films and television shows but also games and live theater.

The market

After the 10th drop in 12 sessions for the S&P 500
SPX,
+0.40%
on Tuesday, stock futures
ES00,
+0.55%

NQ00,
+0.27%
were pointing solidly higher.

The yield on the 10-year Treasury
TMUBMUSD10Y,
1.325%
was 1.32%.

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Cathie Wood Extends Hot Streak With ARK Space Exploration ETF

Cathie Wood’s

new

ARK Space Exploration & Innovation ETF

ARKX -1.09%

is already on track to be one of the most successful fund launches ever despite criticism that it doesn’t necessarily reflect the nascent space-exploration market.

Investors poured $536.2 million into the actively managed exchange-traded fund, known as ARKX, in its first five days of trading, according to FactSet data through Tuesday. That trounces the industry average of three years to gather $100 million and puts the fund on course to top $1 billion in assets within days, analysts said.

Such a milestone would put the fund in rare company: The fastest ETF to reach $1 billion was

State Street’s

SPDR Gold Trust

GLD -0.01%

fund, which hit the mark in just three days back in 2004.

“That speaks to the overall power of ARK right now,” said Nate Geraci, president of ETF Store, an investment-advisory firm. “At this point, investors think anything Cathie Wood touches turns to gold.”

The fund is ARK Investment Management LLC’s first launch in two years and stands in contrast to the lukewarm receptions its earlier products received. ARK’s flagship innovation fund, begun in 2014, took more than 3 1/2 years to reach $1 billion. Its last launch, the fintech innovation ETF in 2019, took about 21 months.

A lot has changed for ARK, though. In the span of a year, Ms. Wood’s ARK has transformed from a small, upstart manager of a handful of ETFs to one of the biggest fund managers in the U.S. The share prices of the firm’s five other actively managed ETFs doubled or tripled last year on the back of surging growth stocks such as

Tesla Inc.

and Roku Inc., earning Ms. Wood a cultlike following of individual investors who hang on her every tweet and video.

But those growth stocks are now the epicenter of a selloff that has left ARK’s older funds down at least 14% from their highs earlier this year. Rather than rolling out another fund primary tied to the tech trade, ARK has tilted nearly half of its space ETF toward manufacturers including

Lockheed Martin Corp.

,

Boeing Co.

and

Deere

DE 0.03%

& Co., a sector of the stock market that has benefited in recent months from rising interest rates and inflation expectations.

The fund is different enough for investors who say they are fans of Ms. Wood but also wary of plowing more money into a faltering tech trade.

“Most of Cathie’s ETFs are tech-heavy,” said Tré Diemer, 20 years old, a student at William & Mary who said he bought a couple of thousand dollars of ARKX shares Monday. “You look at this ETF and see a lot of names she hasn’t been as involved with.”

He already owns a variety of growth stocks and has been eyeing Ms. Wood’s other funds as a home for some of the money he earns from working as an emergency medical technician and running deliveries for

DoorDash Inc.

But tech and Ms. Wood’s other funds seemed overvalued, a point reinforced by the recent losses he said he sustained.

“You can look at this almost as a reopening ETF,” said Mr. Diemer, referring to underlying stocks poised to benefit most from a rebounding economy.

Not everyone is a fan of the fund’s makeup. Some took to social media, creating memes to mock ARK’s decision to include Deere and other companies that appear to have no significant ties to the fund’s theme of investing in space exploration and innovation. One showed a Deere tractor roving across a Mars landscape, another on the moon.

Deere, for its part, responded with several of its own memes, including one showing a UFO beaming up a tractor. Some analysts said the inclusion of Deere is less of a stretch when considering that the company makes satellite-guided machinery.

Other stocks included in the fund that seem at odds with its mandate include ARK’s passively managed 3D-printing ETF and shares of

Netflix Inc.

and

Amazon.com Inc.

Meanwhile, some of the few pure-play space stocks such as the satellite and imaging company

Maxar Technologies Inc.

didn’t make the cut. Neither did Rocket Lab USA Inc. nor Astra Space Inc., two rocket makers that are merging with blank-check companies to go public.

Ren Leggi,

a client portfolio manager at ARK, acknowledged that the holdings are causing some confusion but said that they are all in line with the fund’s mandate. “When we’re talking about space exploration and innovation, we define it as everything above ground,” said Mr. Leggi.

Share Your Thoughts

What explains the success of Cathie Wood’s latest exchange-traded fund? Join the conversation below.

The advancement of drone technology plays a big part in why several companies, including Amazon, are in the fund, said Mr. Leggi. Netflix would benefit from the rollout of satellites that enable further adoption of broadband internet for streaming, and some rocket parts are 3D-printed, he added. As for the space companies left out, Mr. Leggi said valuations of some were too rich, especially those involved with special-purpose acquisition companies, while others didn’t pass their initial evaluation of whether the stock could sustain a 15% annualized return rate.

“We still continue to track a lot of companies in case we get a market environment where there’s a broader selloff and we can get in at an attractive price,” Mr. Leggi said.

Some investors remain unconvinced.

“I was not too fond of its holdings,” said Carter Wang, who is 19 and has roughly $3,000 in four of ARK’s earlier funds. He is a fan of Ms. Wood, citing her aggressive calls on Tesla as a key reason behind his decision to invest in several of the firm’s funds. But Mr. Wang, a business management economics major at the University of California, Santa Cruz, called the inclusion of ARK’s 3D-printing ETF odd, leading him to pass on the fund.

For several ARK investors, Ms. Wood’s past performance is key. With shares of ARKX trading around $21, some investors said they see a chance to get into the firm’s next success, likening it to ARK’s innovation fund, whose share price is six times higher since it launched in 2014 and continues to command investors’ attention. (The ETF saw record daily inflows one day last week, pulling in more than $700 million.)

“It doesn’t really bother me,” said James Carter, a 31-year-old tech writer in Washington, D.C., who snapped up shares on the space fund’s first day of trading. He said his mind was set on investing in the fund since he first heard about it earlier this year, even before any of its underlying stocks had been announced. He is holding out for the possibility that the fund ends up including shares of Elon Musk’s privately held rocket company, Space Exploration Technologies Corp.

“I was kind of late” with the other funds, Mr. Carter said of his other ARK investments. “So I specifically set money aside for the new ARK fund just because of my interest in ARK. I wanted to get in early.”

What You Need to Know About Investing

Write to Michael Wursthorn at Michael.Wursthorn@wsj.com

Copyright ©2020 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

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Stocks End Lower Amid Decline in Tech Shares

The Dow Jones Industrial Average gave up early gains Wednesday even though investors piled back into economically sensitive sectors on bets that the U.S. economy will continue to recover.

The index of blue-chip stocks ended the day near flat, down less than 0.1%, as companies ranging from American Express to Chevron to Caterpillar showed relative strength.

The S&P 500 however declined 0.6%, adding to losses it endured Tuesday. The Nasdaq Composite Index fell more sharply, its losses accelerating in afternoon trading. The technology-heavy index had dropped 2% by the 4 p.m. ET close of trading.

Markets have seesawed this week as investors have continued to assess the implications of a recent climb in bond yields, which, despite edging down this week, surpassed 1.7% this month for the first time in more than a year. Money managers are also assessing the valuations on stocks after the major indexes climbed over 70% since the pandemic-fueled rout last March.

“We are now one year into this rally: We’ve seen a massive decline and a massive rally, and my sense is that markets are just going to pause for breath from here,” said Brian O’Reilly, head of market strategy for Mediolanum International Funds. “Gains are going to be much harder to come by for the rest of the year.”

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Netflix (NFLX) to spend $500 million in South Korea in 2021

In this photo illustration the Netflix logo is seen displayed on a smartphone.

Rafael Henrique | SOPA Images | Getty Images

Netflix said Thursday that it will spend $500 million this year on films and series produced in South Korea to broaden its growing slate of content from the country.

Korean filmmakers and stars gathered in Seoul where the U.S. streaming giant announced its investment plans and also previewed images from its upcoming slate of local-language series.

Netflix disclosed that as of the end of last year, the streaming service had 3.8 million paid subscribers in South Korea.

Over the last two years, we’ve seen the world falling in love with incredible Korean content, made in Korea and watched by the world on Netflix.

Ted Sarandos

co-CEO and chief content officer, Netflix

In the last five years — from 2015 to 2020 — Netflix invested $700 million to expand its slate of Korean content and established two purpose-built production facilities in the country. Besides acquiring rights to existing Korean content, Netflix has made more than 80 original shows and films locally, including the popular zombie thriller “Kingdom” from creator Kim Eun-hee.

“Over the last two years, we’ve seen the world falling in love with incredible Korean content, made in Korea and watched by the world on Netflix,” Ted Sarandos, co-CEO and chief content officer at Netflix, said via video at the event.

“Our commitment towards Korea is strong. We will continue to invest and collaborate with Korean storytellers across a wealth of genres and formats,” he added.

On Thursday, Netflix also announced two new original films out of South Korea.

South Korean cinema has gained international prominence in recent years.

Filmmaker Bong Joon-ho shot to global fame last year when his critically acclaimed movie “Parasite” dominated the awards season. It made history to become the first non-English language film to win the best picture Oscar at the Academy Awards.

Netflix, for its part, has turned its focus on Asia-Pacific in recent years as new subscriber growth in other parts of the world slowed on account of many people already having paid memberships.

The California-headquartered streaming giant is betting big on markets like South Korea, India and the whole Southeast Asia region to drive its future growth momentum. Netflix has created more than 200 Asian original series and films since 2016, according to Sarandos.

As of December 2020, Netflix reported more than 25 million paid memberships in the Asia-Pacific region compared to more than 200 million globally.

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