US stock indexes decline

Wall Street's main indexes fell on Thursday, 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 spiralling lower.
Netflix plunged 22.7 per cent after the streaming giant fell short of market forecast for new subscribers at the end of last year and offered a downbeat outlook for early 2022.
Shares of technology and media companies including Walt Disney, ViacomCBS and Roku that have invested heavily in streaming also fell between 4.3 per cent and 5.0 per cent.
Seven of the 11 major S&P 500 sectors fell, with communication services down 1.7 per cent at an eight-month low.

comments powered by Disqus
More Stories
Most Popular