Netflix shares fall 8% as media sector suffers selloffs
Shares of Netflix Inc. finished the day down nearly 8% on Tuesday The media and entertainment sectors saw selloffs across the board, following the broader market trend. Netflix closed Tuesday's session as the biggest decliner among them. AMC Entertainment Holdings closed down 4.4%, followed by CBS Corp. , AMC Networks Inc. and Cinemark Holdings Inc. , which fell more than 3%. Comcast Corp. , Time Warner Inc. , 21st Century Fox Inc. and The Walt Disney Co. all suffered selloffs, falling more than 2%. The S&P ended the day's session down 2.9%, while the Dow fell 2.8%.
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