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Stocks open mostly lower as Netflix drags down Nasdaq

30445 stocks open mostly lower as netflix drags down nasdaq

Stocks opened mostly lower Friday, on track for a hefty weekly loss as the Nasdaq Composite pushes deeper into correction territory. The Dow Jones Industrial Average DJIA, -0.07% rose 56 points, or 0.2%, to 34,772, while the S&P 500 SPX, -0.49% was off 0.1% at 4,477. The Nasdaq was down 0.2% at 14,126, bringing it down more than 5% for the week. The Nasdaq earlier this week entered correction territory, falling more than 10% from its record high set in November. Shares of Netflix Inc. NFLX, -24.49% helped weigh on the Nasdaq in Friday’s session, slumping 20% after delivering a disappointing quarterly report.

Source: Marketwatch

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