Why Square, Netflix, and Pinterest Stocks Fell Sharply Thursday
Shares of financial technology-specialist Square (NYSE: SQ), streaming-TV company Netflix (NASDAQ: NFLX), and visual search and media platform Pinterest (NYSE: PINS) were all hit hard on Thursday. The three stocks ended the day down 2.4%, 3.5%, and 2%, respectively. But shares of these companies were all down about 5% at their worst points during the trading day.
The three stocks' declines reflect broader market bearishness toward growth stocks. This has been an overarching theme in the market since mid-February, with growth stocks getting hit particularly hard during the last few trading days.
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