Stock Markets Sink, but Will Netflix Make Wednesday Even Worse?

A steady surge of COVID-19 cases in India had some economists worrying that the global recovery might be in jeopardy from coronavirus variants and mutations, and that was enough to send the Dow Jones Industrial Average (DJINDICES: ^DJI), S&P 500 (SNPINDEX: ^GSPC), and Nasdaq Composite (NASDAQINDEX: ^IXIC) lower on the day. As bad as the drop during the regular trading session was, it paled in comparison to the big hit that video streaming specialist Netflix (NASDAQ: NFLX) suffered after the market closed, as investors reacted to earnings results. Shares of Netflix were down a bit less than 1% in the regular trading session on Tuesday in advance of its first-quarter earnings release.