Skip to Content

Stocks fall, have worst week since March 2020; Netflix tanks

KTVZ

By DAMIAN J. TROISE
AP Business Writer

Stocks fell again on Wall Street Friday, capping off the worst weekly drop for the S&P 500 since the start of the pandemic. The S&P 500 fell 1.9%, and notched its worst weekly performance since March 2020. The Dow Jones Industrial Average fell 1.3% and the Nasdaq lost 2.7%. Investors have grown increasingly worried about rising inflation and how aggressive the Federal Reserve might be in raising interest rates to tamp it down. Technology and communications stocks fell. Netflix plunged over 20% after the streaming service delivered another quarter of disappointing subscriber growth. Treasury yields fell as investors sought the safety of bonds. 

Article Topic Follows: AP National Business

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

KTVZ NewsChannel 21 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