Netflix Drops 9% After Vaccine News
Video Credit: Wochit News - Duration: 00:29s - Published
Netflix Drops 9% After Vaccine News
On Monday, phrama giant Pfizer revealed positive COVID-19 vaccine news.
The news sent shares of stay-at-home stocks like Netflix plummeting on Monday.
Netflix itself fell as much as 9%, even as major indexes like the S&P 500 and Dow Jones industrial average soared to record highs.
Consumers flocked to entertainment alternatives amid the lengthy stay-at-home orders.
Netflix saw a spike in subscribers due to the COVID-19 pandemic.
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