Investors took another beating in April with major stock indexes losing trillions in value. The S&P 500 fell nearly 9%, while the Nasdaq Composite plunged more than 13%. Corporate earnings reports, fears of an upcoming recession, rising interest rates, and inflation all played major roles for last month’s winners and losers. Here are some of the high-profile names that illustrated major trends in the stock market in April.
Shares of Netflix (NFLX -3.90%) dropped nearly 50% in April after a disastrous earnings report. For the first time in over a decade, the streaming content disruptor reported a decline in its subscriber count. Investors were already concerned about slowing growth prior to this announcement, and the stock has been dealing with dwindling momentum from COVID-19 stay-at-home trends.
Stocks often experience major valuation shifts as they transition from growth to value. That seems to be playing out as Netflix…