Netflix Inc (NASDAQ:NFLX) shares are trading lower by 3.09% to $300.47 going into the close of Friday’s session. The stock is falling amid overall weakness as concerns over financial sector instability weigh on stocks across sectors.
Among several notable headlines in the financial sector Friday- SVB Financial Group has now filed a voluntary petition for a court-supervised reorganization under Chapter 11 in the United States Bankruptcy Court for the Southern District of New York to preserve value…Read More
What’s Going On In The Broader Market?
The Federal Reserve’s upcoming March meeting could be the next major catalyst for stocks across sectors and the S&P 500.
Growing investor concerns about instability among U.S. banks have some traders speculating the Fed could pause its rate hikes next week, but Bank of America economist Ethan Harris said Friday that financial conditions must get tighter one way or another….Read More
According to data from Benzinga Pro, NFLX has a 52-week high of $396.50 and a 52-week low of $162.71.
