Netflix Is the S&P 500's Worst Performer This Week -- Here Are the Next 14

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Netflix Is the S&P 500's Worst Performer This Week -- Here Are the Next 14

MarketWatch2022-04-23

Other streamers were hit hard, and PayPal and Facebook holding company Meta Platforms also had a bad weekMarketWatch photo illustration/iStockphotoInvestors remained sour for a second consecutive ...

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Comment（16）

Mr Mooney
·2022-04-24
Bond is safer
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xiaobaii
·2022-04-24
like & comment please
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4
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jolynnnnnnnn
·2022-04-24
Morning
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1
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Singman
·2022-04-24
Like
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3
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BigCow
·2022-04-23
Ok
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3
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Roarhigher
·2022-04-23
Ok
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2
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SSVC
·2022-04-23
K
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3
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Andy Fong
·2022-04-23
Thanks
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3
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Waka Tiger
·2022-04-23
😂
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3
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Mich77
·2022-04-23
read
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1
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Darrenneoyo
·2022-04-23
Goner
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boonk
·2022-04-23
K
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1
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mathmadtiffy
·2022-04-23
Lolol
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SLabcd
·2022-04-23
K
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Ah Deck
·2022-04-23
I don't think this share will improve its performance
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CL777
·2022-04-23
Meta and Paypal are good buys are current levels
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(All price changes in this article exclude dividends.)The S&P 500 was down 2.8% on Friday and also hit its lowest closing level since March 15. The U.S. benchmark index fell 2.8% for the week and is now down 10.4% for 2022.The Nasdaq Composite Index fell 2.5% on Friday, to its lowest level since March 14. The Nasdaq declined 3.8% for the week. It has fallen 17.9% this year.Breaking down the S&P 500The worst-performing stock among the S&P 500 this week was Netflix Inc., which plunged 35% on Thursday after estimating it would lose $2 million subscribers during the second quarter. Netflix ended the week with a 37% decline.All but two of the 11 sectors of the S&P 500 were down for the week, led by communications services, which includes Netflix:Communications services sector is also the worst-performing sector so far in 2022.Here are the week's worst 15 performers among the S&P 500:Looking at the list of this week's worst performers, two other companies with streaming services were hit hard -- the newly formed Warner Brothers Discovery Inc. (WBD), which is shutting down the CNN+ service less than a month after it was launched, and Paramount Global (PARA), which streams through Paramount+.But several other companies that feature numbers of users or participants in their quarterly financial news releases pulled back significantly, including Match Group Inc. (MTCH), PayPal Holdings Inc. (PYPL), Etsy Inc. (ETSY) and Facebook's holding company Meta Platforms Inc. 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