Advertisement
Singapore markets closed

  • Straits Times Index

    3,287.75
    -5.38 (-0.16%)
     

  • S&P 500

    5,012.76
    -58.87 (-1.16%)
     

  • Dow

    37,865.16
    -595.76 (-1.55%)
     

  • Nasdaq

    15,460.03
    -252.72 (-1.61%)
     

  • Bitcoin USD

    64,112.72
    -536.62 (-0.83%)
     

  • CMC Crypto 200

    1,382.22
    -0.36 (-0.03%)
     

  • FTSE 100

    8,078.86
    +38.48 (+0.48%)
     

  • Gold

    2,341.20
    +2.80 (+0.12%)
     

  • Crude Oil

    82.43
    -0.38 (-0.46%)
     

  • 10-Yr Bond

    4.7020
    +0.0500 (+1.07%)
     

  • Nikkei

    37,628.48
    -831.60 (-2.16%)
     

  • Hang Seng

    17,284.54
    +83.27 (+0.48%)
     

  • FTSE Bursa Malaysia

    1,569.25
    -2.23 (-0.14%)
     

  • Jakarta Composite Index

    7,155.29
    -19.24 (-0.27%)
     

  • PSE Index

    6,574.88
    +2.13 (+0.03%)
     

Why Netflix Stock Fell Another 5% Today

Demitri Kalogeropoulos, The Motley Fool
·2-min read
Why Netflix Stock Fell Another 5% Today

Netflix (NASDAQ: NFLX) shareholders lost ground to a falling market on Tuesday as shares dropped 5% by 11 a.m. EDT compared to a 2.3% slump in the S&P 500. Netflix stock was caught in a wider move away from tech stocks and growth stocks, but the drop was also powered by unwelcome news from Best Buy (NYSE: BBY). Best Buy said before the market opened that first-quarter sales trends were weaker than management had expected in the Q1 period that ended on May 1.

Continue reading