1 year ago
Netflix, Disney, WBD Shares Dive With Broader Market As Slow Retail Sales, High Interest Rates Fuel Recession Fears
Media and entertainment stocks led by Netflix were among big losers Thursday as economic data and the latest Fed move has investors panicking about an imminent recession. Netflix in particular — off nearly 10% — was knocked by a report that its ad-supported tier is having a tough debut. The DJIA is currently down 910 points, or 2.68%. The Nasdaq is off by 3.4% and the S&P 500 by 2.8%.
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