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22/04/2021  Wall Street rebounds after two-day decline; Netflix slides

Business


Wall Street rebounded on Wednesday after a two-day decline in a broad rally as a tilt toward stocks poised to benefit from a recovering economy offset Netflix Inc's (NFLX.O) sell-off after its disappointing results a day earlier.

Shares of Netflix slumped 7.4% after the world's largest streaming service said slower production of TV shows and movies during the pandemic hurt subscriber growth in the first quarter. 



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