{"id":398371,"date":"2022-01-21T22:22:08","date_gmt":"2022-01-21T19:22:08","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/nasdaq-falls-for-fourth-straight-day-as-netflix-plunges-22\/"},"modified":"2022-01-21T22:22:08","modified_gmt":"2022-01-21T19:22:08","slug":"nasdaq-falls-for-fourth-straight-day-as-netflix-plunges-22","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/nasdaq-falls-for-fourth-straight-day-as-netflix-plunges-22\/","title":{"rendered":"#Nasdaq falls for fourth straight day as Netflix plunges 22%"},"content":{"rendered":"<p>&#8220;<strong>#Nasdaq falls for fourth straight day as Netflix plunges 22%<\/strong>&#8221;<\/p>\n<div>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>Wall Street\u2019s main indexes fell on Friday, with the\u00a0Nasdaq\u00a0set for its fourth straight day of declines after a weak forecast from\u00a0Netflix\u00a0sent its shares along with other streaming companies spiraling lower.<\/p>\n<p>Netflix plunged 21.6% after missing market forecast for new subscribers at the end of last year and a downbeat outlook for early 2022.<\/p>\n<p>Other <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> and <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a> companies including Disney, ViacomCBS and Roku that have invested heavily in streaming also fell between 4.7% and 5.0%.<\/p>\n<p>Seven of the 11 major S&amp;P 500 sectors fell, with communication services down 2.1% at an eight-month low.<\/p>\n<p>Analysts on Thursday raised doubts about business prospects of pandemic market favorites including\u00a0Netflix\u00a0and Peloton Interactive.<\/p>\n<p>However, shares of Peloton bounced from the previous day\u2019s fall, jumping 11.5% after its chief executive denied a report that the exercise bike maker was halting some production and raised second-quarter revenue forecast.<\/p>\n<p>\u201cThe pandemic winners are under pressure and that will likely continue. If everybody already has\u00a0Netflix, it\u2019s hard to improve subscriber growth,\u201d said John Lynch, chief investment officer for Comerica Wealth Management in Charlotte, North Carolina.<\/p>\n<p>\u201cPerhaps investors\u2019 expectations were a little stretched.\u201d<\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/01\/nasdaq-down-on-netflix-plunge4.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\"Netflix logo is seen displayed on TV screen in this illustration photo\" class=\"wp-image-20917359\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/01\/nasdaq-down-on-netflix-plunge4.jpg?quality=90&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/01\/nasdaq-down-on-netflix-plunge4.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/01\/nasdaq-down-on-netflix-plunge4.jpg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Analysts have begun raising doubts about the prospects of pandemic market favorites like Netflix, as investors begin banking on life beyond COVID-19. <\/figcaption><figcaption><span class=\"credit\">NurPhoto via Getty Images<\/span><\/figcaption><\/figure>\n<\/div>\n<p>Megacap growth companies such as Microsoft, Tesla and <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">App<\/a>le are scheduled to report their results next week.<\/p>\n<p>Wall Street\u2019s main indexes tracked at least their third straight weekly declines, with the\u00a0Nasdaq\u00a0Composite set for its worst week since March 2020. The\u00a0Nasdaq\u00a0on Wednesday closed more than 10% below its all-time high hit in November, confirming it was in correction territory.<\/p>\n<p>The tech-heavy index has come under pressure after rising Treasury yields and expectations of a more aggressive Federal Reserve in controlling inflation hit growth shares.<\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/01\/nasdaq-down-on-netflix-plunge2.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\"Closeup of the foot of someone riding a Peloton bike\" class=\"wp-image-20917413\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/01\/nasdaq-down-on-netflix-plunge2.jpg?quality=90&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/01\/nasdaq-down-on-netflix-plunge2.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/01\/nasdaq-down-on-netflix-plunge2.jpg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Shares of Peloton, another pandemic favorite, bounced back from Thursday\u2019s fall, jumping 11.5% after its chief executive denied a report that the exercise bike maker was halting some production.<\/figcaption><figcaption><span class=\"credit\">Getty Images<\/span><\/figcaption><\/figure>\n<\/div>\n<p>The central bank\u2019s policy meeting next week will offer more clarity on its tightening policy, after data earlier this month showed consumer prices rising to 40-year highs in December.<\/p>\n<p>\u201cWhile the selling seems to have slowed for now, the prospect of a week filled with big earnings and a crucial Fed meeting means there might not be a rush to buy the dip just yet,\u201d said Chris Beauchamp, chief market analyst at online trading platform IG.<\/p>\n<p>At 11:56 a.m. ET, the Dow Jones Industrial Average was down 82.19 points, or 0.24%, at 34,633.20, the S&amp;P 500 was down 28.02 points, or 0.63%, at 4,454.71 and the\u00a0Nasdaq\u00a0Composite was down 150.30 points, or 1.06%, at 14,003.72.<\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/01\/nasdaq-down-on-netflix-plunge3.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\"Google stock price appears on the Nasdaq marketsite\" class=\"wp-image-20917524\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/01\/nasdaq-down-on-netflix-plunge3.jpg?quality=90&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/01\/nasdaq-down-on-netflix-plunge3.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/01\/nasdaq-down-on-netflix-plunge3.jpg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>The tech-heavy Nasdaq has come under pressure amid expectations of a more aggressive Federal Reserve in controlling inflation.<\/figcaption><figcaption><span class=\"credit\">Getty Images<\/span><\/figcaption><\/figure>\n<\/div>\n<p>Single stock options totaling about $1.28 trillion were set to expire, potentially driving sharp market movements and impacting stocks that have very large call positions like Apple and Tesla.<\/p>\n<p>Bitcoin fell sharply, tracking other riskier assets and Russia\u2019s proposal to ban the use and mining of cryptocurrencies, dragging down crypto-linked stocks like Hut 8 Mining and Coinbase Global more than 10%.<\/p>\n<p>Declining issues outnumbered advancers for a 1.91-to-1 ratio on the NYSE and for a 2.14-to-1 ratio on the\u00a0Nasdaq.<\/p>\n<p>The S&amp;P index recorded five new 52-week highs and 22 new lows, while the\u00a0Nasdaq\u00a0recorded 10 new highs and 914 new lows.\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2022\/01\/21\/nasdaq-falls-for-fourth-straight-day-as-netflix-plunges-22\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;#Nasdaq falls for fourth straight day as Netflix plunges 22%&#8221; Wall Street\u2019s main indexes fell on Friday, with the\u00a0Nasdaq\u00a0set for its fourth straight day of declines after a weak forecast from\u00a0Netflix\u00a0sent its shares along with other streaming companies spiraling lower. Netflix plunged 21.6% after missing market forecast for new subscribers at the end of last&#8230;<\/p>\n","protected":false},"author":1,"featured_media":398372,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/01\/nasdaq-down-on-netflix-plunge.jpg?quality=90&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[124499,70551,72332,1377,70359,70360],"class_list":["post-398371","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-1-21-22","tag-inflation","tag-nasdaq","tag-netflix","tag-stocks","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/398371","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=398371"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/398371\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/398372"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=398371"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=398371"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=398371"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}