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Shares of streaming giant Netflix NFLX closed down almost 22% on Friday as investors digested its latest quarterly earnings report. NFLX declined as much as 24% earlier in the session.

What happened Shares of Facebook parent Meta Platforms (NASDAQ: FB) were falling today as the tech giant got swept up in a broader sell-off in tech stocks. Big-name tech stocks were hit especially hard after Netflix offered underwhelming guidance for the current quarter, causing

Risk aversion dominated markets on Friday as stocks slumped on Wall Street and in Europe, oil prices fell from seven-year highs earlier in the week and bond prices surged with traders scurrying for the relative safety of government debt.

Wall Street's main indexes ended sharply lower on Friday as Netflix shares plunged after a weak earnings report, capping a brutal week for stocks that saw the S&P 500 and Nasdaq log their biggest weekly percentage drops since the onset of the pandemic in March 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.

Netflix (NASDAQ: NFLX) shareholders can at least be thankful that the rout the stock suffered Friday morning after it released its fourth-quarter earnings report didn't get any worse. At the close of trading, the streamer's shares were down by 21.8%, a slight improvement over the

Consumer stocks were broadly mixed in Friday trading, with the SPDR Consumer Staples Select Sector ETF (XLP) climbing less than 0.1% while the SPDR Consumer Discretionary Select Sector ETF (XLY) was sinking 2.6%.

Wall Street's main indexes ended sharply lower on Friday as Netflix shares plunged after a weak earnings report that also weighed on rivals, and stocks ended a gloomy week on a sour note.

Are These Top Cyclical Stocks Worth Watching Now?While cyclical stocks may not be in the best position in the stock market today, investors may not want to dismiss the sector entirely. For one thing, some of the biggest cyclical firms are taking a breather amidst the current down

Risk aversion dominated markets on Friday as stocks slumped on Wall Street and in Europe, oil prices fell from seven-year highs earlier in the week and bond prices surged with traders scurrying for the relative safety of government debt.

It's been an ugly time for Wall Street this January, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) has seen the most damage. The Nasdaq was down another 222 points, or 1.6%, to 13,933 as of 1:30 p.m. ET, and that left it down more than 14% from its best levels of all time.

What happened Shares of e-commerce and cloud computing giant Amazon (NASDAQ: AMZN) are taking a punch in the gut today. Despite the stock already having slid sharply year to date, shares fell more than 4% on Friday. As of 1:25 p.m. ET, the stock was down 4.2%.

Wall Street's main indexes dropped on Friday as Netflix shares plunged after a weak earnings report that also weighed on rivals, putting stocks on course to close out a gloomy week on a sour note.

Consumer stocks were broadly mixed in Friday trading, with the SPDR Consumer Staples Select Sector ETF (XLP) climbing 0.4% while the SPDR Consumer Discretionary Select Sector ETF (XLY) was sinking 1.7%.

It was a tough holiday-shortened week for the U.S. markets, as rising Treasury yields weighed on sentiment. The Dow Jones Industrial Average (DJI) closed Tuesday with a staggering 543-point drop, while the S&P 500 (SPX) and Nasdaq (IXIC) fell as well. The next two days were

Wall Street's main indexes fell on Friday, with the Nasdaq set for its fourth straight day of declines after a weak forecast from Netflix sent its shares along with other streaming companies spiraling lower.

Netflix NFLX reported fourth-quarter 2021 earnings of $1.33 per share, beating the Zacks Consensus Estimate by 62.2% and the company’s guidance of 80 cents. The figure increased 11.8% year over year.Revenues of $7.71 billion increased 16% year over year and beat the conse

AMC Entertainment Holdings (NYSE: AMC), Roku (NASDAQ: ROKU), and AT&T (NYSE: T) probably weren't popping open bottles of champagne after the brutal quarterly report out of Netflix (NASDAQ: NFLX). The leading premium streaming video service falling short of expectations for it

What happened The markets opened with a thud today. Shares of streaming platform Netflix (NASDAQ: NFLX) sank 20.7% to start the trading day at 9:30 a.m. ET, with investors pricing in slower subscriber growth. However, as of that same time, cryptocurrency Loopring (CRYPTO: LRC) ha

The poor showing on subscription guidance for Netflix NFLX yesterday has rippled through tech-world in Friday pre-market activity; the streaming leader, missing growth projections on net adds by a wide margin, is -20% ahead of today’s opening bell. Almost as fruit from th