In Tuesday's trading session, shares of Netflix Inc. (NASDAQ:NFLX) took a downturn, declining by 0.94% to $376.75. This downward movement ended a two-day surge in the company's stock price and left it $108.25 short of the 52-week high that was achieved on July 19, 2023. The trading volume for Netflix outpaced its average, indicating an increase in investor activity.
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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