First American News LLC, Raleigh NC: Nasdaq has had it wort week since 2020, as Netflix continues to sink and loses 21%. The Nasdaq Composite declined 0.1%. The Nasdaq is down 5% since Monday, track for its worst week since October 2020. The Dow Jones Industrial Average rose about 100 points. The S&P 500 was flat. Both the Dow and S&P 500 are on track for a third straight week of losses, said Gaby Mendoza of MB Daily News
Netflix’s disappointing quarterly report is the latest setback for technology investors. Shares of the streaming giant tumbled 21% on Friday after the company’s fourth-quarter earnings report showed a slowdown in subscriber growth. Its competitors’ shares also declined, with Dow component Disney, which operates the Disney+ streaming service, off 5%. Continue Reading On Neflextlix News at The Wall Street Journal, subscribe now.