Netflix disappointed analysts on the outlook for subscriber numbers, leading shares to tumble 23% at the opening of the session.

Peloton continues to correct, rising 10%, after the sharp losses (-7%) recorded in the last session. CNBC reported yesterday that the company decided to temporarily suspend production of Internet-connected fitness equipment while it assesses falling demand and tries to control costs.

"Investors are starting to realize that earnings season may not be the 'game-changer' they were expecting it to be," Craig Erlam, senior market analyst at Oanda Corp. believes in a note quoted by Bloomberg. "Instead, the results have been pretty disappointing.

The financial S&P 500 pulls back 0.3% to 4,468.69 points, while the Dow Jones industrial opened in losses and slight gains at 34,727.40 points. The worst performer is even the Nasdaq which gives way 0.6% to 14,076.44 points.

In addition to the earnings season, the markets are also preparing for the first interest rate hike by the US Federal Reserve. The central bank led by Jerome Powell meets next week for a two-day meeting, which will end with the announcement of decisions at 7:00 pm on Thursday.

For now, no hike is expected yet, which the market anticipates will happen at the March meeting. This Friday, the interest rates on 10-year Treasuries ease by 4.8 basis points to 1.756%.