Stock Market Today: Nasdaq Sinks Again, Ends Worst Week Since 2020
Stocks ended the holiday-shortened week (markets were closed Monday for Martin Luther King Jr. Day) how they started it – deep in the red.
And, as with Tuesday's trading, the bearish catalyst today was corporate earnings; specifically, dismal results from streaming giant Netflix (NFLX, -21.8%), which reported lower-than-expected subscriber numbers for its fourth quarter and forecast slowing subscriber growth in Q1.
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"Investors are finally recognizing a huge risk that has been lurking around Netflix for years and that) is its biggest threat."
