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By: ETF Trends
April 24, 2012 at 12:21 PM EDT
Netflix Sell-Off Weighs on Internet ETFs
A 12% dive in Netflix (NasdaqGS: NFLX) shares on a disappointing second-quarter outlook pushed Internet sector ETFs in the red on Tuesday despite a 100-point rise in the Dow Jones Industrial Average. “Netflix’s first-quarter results were decent but second-quarter guidance for domestic...
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