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Stocks close out worst week since March 2020 [Los Angeles Times (CA)]
Last netflix, inc. earnings: 4/21 04:00 pm
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US:NASDAQ Investor Relations: ir.netflix.com/investor-relations
Investors have grown increasingly worried about rising inflation and how aggressive the Federal Reserve might be in raising interest rates to tamp it down. Historically low rates helped support the broader market as the economy absorbed a sharp hit from the pandemic in 2020 and then recovered over the last two years. The S&P 500 fell 84.79 points, or 1.9%, to 4,397.94. The benchmark index has now slipped three straight weeks to start the year. It fell 5.7% this week, its worst weekly decline since March of 2020, when the pandemic sent stocks into a bear market. The Dow Jones industrial average fell 450.02 points, or 1.3%, to 34,265.37 on Friday; it also also notched its third straight week of losses. Advertisement The tech-heavy Nasdaq fell 385.10, or 2.7%, to 13,768.92. With investors expecting the Fed to begin raising rates as soon as its March policy meeting, shares in pricey tech companies and other expensive growth stocks have looked relatively less attractive. The index
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