Stocks extend losses for third week; Netflix plunges | MarketBeat

The tech-heavy Nasdaq fell 2.2% and has been hit particularly hard by expectations for higher interest rates. As investors prepare for higher interest rates, shares in pricey tech companies and other expensive growth stocks look relatively less attractive. The index is on track for its fourth straight weekly loss and losses in recent months had by Wednesday left it in what Wall Street considers a market correction, or 10% below its peak.

Stocks extend losses for third week; Netflix plunges | MarketBeat