Netflix has angered many of its customers with its new plan to split its service into two while raising prices. Netflix stock (NFLX) has lost a quarter of its value in the past week.
Netflix stock took a wallop after Netflix predicted 1 million US customers would cancel their subscriptions.
The Dow rose 186.45 points to close at 11,433.18. The S&P rose 20.43 points to 1,209.11, and the Nasdaq rose 34.53 points to 2,607.07.
Netflix stock dropped nearly 14 percent by midday Thursday amid projections that the company expects to lose approximately 1 million subscribers this month. Can Netflix stock recover?
Bin Laden movie meeting causes stir: Washington helping Hollywood produce realistic movies isn't new. But talking to filmmakers about the Osama bin Laden raid discomfits some Americans, including Rep. Peter King (R) of New York.