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The drop in Netflix’s shares was part of a broader bearish trend in the market. Major market indices such as the S&P 500 and Dow Jones also fell, closing at 4,229.45 and 33,002.38 respectively.
Other major players in the tech and entertainment sectors also experienced a slump in their share prices. Apple Inc (NASDAQ:AAPL).’s shares decreased by 0.78% to $172.40, while Walt Disney (NYSE:DIS) Co.’s shares fell by 2.61% to $79.54. Comcast Corp (NASDAQ:CMCSA)., another major player in the sector, saw its shares decline by 1.70% to $43.45. These declines mirrored the overall downturn in the market.
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