Netflix disappointment deepens Wall Street’s slide
Stocks on Wall Street fell for a third straight week. The three main indexes dropped sharply Friday as Netflix’s sour earnings outlook dented investor sentiment.
The S&P and Nasdaq suffered their worst weeks since the start of the health crisis in March 2020. And the Nasdaq sank deeper into correction territory.
O’Neil Global Advisors Senior Portfolio Manager Randy Watts says the Nasdaq faces more downside risk.
“Over 25% of the NASDAQ is off 50% or more from its high, but I don't think time-wise we’re completely through with this correction. I still think it's a process. It has to continue, and we're likely to then trade sideways and consolidate a bit before heading back up.”
The Dow fell 450 points, or one-and-a-third percent. The S&P 500 plunged nearly 2%. And the Nasdaq plummeted two-and-three-quarter percent.
Netflix was the top decliner on the S&P. Shares plunged almost 22%. The world’s largest streaming service disappointed investors with its weak forecast for quarterly subscriber growth. That dragged down other streaming stocks, including Roku .. and Disney, which was the Dow’s top decliner.
Another so-called stay-at-home stock, Peloton, recouped some of Thursday’s steep loss, rising nearly 12%. The exercise bike maker denied a report that it was halting some production.
Next week, inflation-wary investors will closely watch the Federal Reserve’s meeting for clarity on its plans to tighten monetary policy.
相關影片推薦
- 1:33日本明星公河馬是「女兒身」 天王寺動物園養七年才發現Yahoo奇摩(國際通)26,546 次觀看・18 小時前
- 1:26白蟻研究重大突破! 興大證實首次發現雜交混種白蟻民視影音17,174 次觀看・14 小時前
- 1:50背刺青「要器捐」 老兵捐心.肝.腎 助4患者TVBS新聞網影音33,378 次觀看・18 小時前
- 1:26女長期睡機場又大鬧國門 不聽勸阻遭警驅離東森新聞影音102,037 次觀看・16 小時前
- 2:55遊北海道帝王蟹遭掉包 台遊客:喊報警店家才承認華視影音85,643 次觀看・16 小時前
- 1:16麵店「非熟客禁帶兒童」 客人一顆星負評引熱議民視影音4,714 次觀看・15 小時前
- 1:26婚後婆媳相處狀況曝光 林志玲:我是灰姑娘|#鏡新聞鏡新聞54,984 次觀看・22 小時前
- 1:38西澳再發生鯨魚大規模擱淺 直擊140頭鯨魚海灘掙扎求生、26頭已死亡Yahoo奇摩(國際通)3,874 次觀看・16 小時前
- 3:26一分鐘報天氣 / 週五 (04/26) 鋒面再度東移南壓 週五六降雨再增 中南部留意較大雨勢Yahoo奇摩新聞(報氣象)10,073 次觀看・15 小時前
- 1:34俄羅斯國安教學擴大 中小學生9月起「學開無人機」Yahoo奇摩(國際通)24,298 次觀看・16 小時前
熱門必看
- 5:43精華|結婚意願最高的同志星座?雙子超瘋一言不合就結婚!?唐綺陽談星室30,510 次觀看・1 天前
- 10:362024巴黎奧運即將開打 先去希臘朝聖奧運起源地吧!Yahoo創作摩人9,906 次觀看・1 天前
- 1:58LE SSERAFIM這首Easy的現場安可為什麼唱不好?第一個原因是音域!#學唱歌 #歌唱教學 #reaction #KPOP #lesserafim嘎老師 Miss Ga7,020 次觀看・4 天前
- 10:16【日本入境必看】VISIT JAPAN WEB 完整教學!2024 年最新版吉田社長交朋友23,979 次觀看・3 天前
- 0:16朝聖宜蘭網美咖啡廳!頭城開幕咖啡廳板橋Edenx食旅7,481 次觀看・3 天前