Technology stock Netflix avalanche, nasdaq hit the biggest weekly decline since the outbreak of the epidemic

On Friday, U.S. stocks fluctuated throughout the day, and the decline in the end of the session widened, and finally, the three major U.S. stock indexes closed down collectively, the Nasdaq fell 2.72%, this week fell 7.55%, the largest weekly decline since late March 2020; the S&P 500 index fell 1.89%, this week fell 5.69%; the Dow fell 1.3%, this week fell 4.58%, S&P 500, the Dow both hit the biggest weekly decline since November 2020.

In terms of individual stocks, large technology stocks collapsed, and the stock price of technology leader Netflix plummeted by 21.79%, the deepest decline in nine and a half years, facebook and Amazon into the bear.

At the same time, safe-haven demand depressed U.S. Treasury yields, and long-term U.S. Treasury yields rose during the week, but the two-year U.S. Treasury yield stood above 1%, and German Treasury yields fell into negative territory again. The profits closed oil prices to their biggest one-month daily decline, losing a seven-year high, and U.S. oil rose for five consecutive weeks, and cloth oil rose 2% throughout the week. The U.S. dollar held a one-week high, its best weekly performance in a month, with mainstream cryptocurrencies falling in double digits. Gold hovered at a two-month high, silver had the largest weekly gain in a year, platinum-group metals were excellent, Shanghai nickel was a new high, and Lun copper rose 2% in the whole week.

The avalanche of technology stock Netflix is related to weak performance, on January 21, Netflix released the fourth quarter of 2021 financial report, is expected to 2021Q4 revenue of 7.709 billion US dollars year-on-year, an increase of 16.03% year-on-year, revenue growth slowed, the number of new paying users growth is not as good as the performance guidance.

Behind the decline in the three major US stock indexes is related to the Fed's policy. The focus is now on the Fed's January 25-26 meeting, where economists expect the Fed to tighten policy much faster than it thought a month ago to curb high inflation.