Netflix suffers its worst day in 2 years | DAPULSE
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Netflix suffers its worst day in 2 years

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[stock_quote symbol=”NFLX” show=”” decimals=”” number_format=”” template=”%company% %price% %change% %changep% %volume%” raw=”” class=””]

Shares of Netflix suffered their worst day in nearly two years Monday, as some of the year’s best-performing tech stocks tumbled.

Netflix fell 6.5 percent — its biggest drop since July 2016 — before closing at $384.48. The stock closed Friday above $411 after gaining nearly 5 percent for the week.

The stock is up roughly 100 percent in 2018.


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Standout tech stocks SquareTwitter and Stitch Fix also fell Monday.

Square, which had been up more than 170 percent in the last 12 months as of Friday’s close, shed roughly 6 percent Monday. Twitter had been up nearly 150 percent in the 12-month period before sinking as much as 5 percent Monday, before paring those losses to end down nearly 4 percent.

And Stitch Fix, which had gained nearly 60 percent in June, lost 10percent.

The semiconductor sector also plunged — in tandem with the overall market. Chipmaker Micron shed nearly 7 percent. AMD and Nvidia each fell more than 4 percent.

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