Skip to Content
AP National Business

Stocks slide toward third weekly decline; Netflix plunges

<i></i><br/>
KMIZ

By
Published 2:16 PM

By DAMIAN J. TROISE
AP Business Writer

Stocks extended their losses on Wall Street Friday as major indexes headed for another weekly loss. The S&P 500 fell 1.6% and the Dow Jones Industrial Average fell 1.1%. The Nasdaq fell 2.2%, slipping further into a correction, or more than 10% below its peak. Technology and communications stocks fell. Netflix plunged over 20% after the streaming service delivered another quarter of disappointing subscriber growth. Treasury yields fell. Inflation fears and concerns about the impact of higher interest rates have prompted a cautious shift in the broader market after a solid year of gains in 2021.

Article Topic Follows: AP National Business

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

ABC 17 News is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content