What's Going On With Netflix Stock Friday?
Portfolio Pulse from Henry Khederian
Netflix shares fell 2.77% amid market weakness due to economic uncertainty and a softening labor market. The U.S. economy added fewer jobs than expected, raising concerns about consumer spending, which could impact Netflix's subscription-based revenue model.
September 06, 2024 | 6:29 pm
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Netflix shares fell 2.77% due to broader market weakness and economic uncertainty. The U.S. added fewer jobs than expected, raising concerns about consumer spending, which could impact Netflix's subscription revenue.
Netflix's stock is sensitive to economic conditions due to its reliance on consumer discretionary spending. The weaker-than-expected job data and economic uncertainty have heightened concerns about consumer spending, leading to a decline in Netflix's stock price.
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