NEW YORK (AP) — U.S. stocks and the price of gold are falling on Wednesday, as momentum on Wall Street slams into reverse.

The S&P 500 sank 1% and is on track for one of its worst days of the past few months, though it's still close to its all-time high set earlier this month. The Dow Jones Industrial Average dropped 417 points, or 0.9%, from its record set the day before, while the Nasdaq composite was down 1.7%, as of 2:20 p.m. Eastern time.

Netflix helped drag the market lower after delivering a weaker profit for the latest quarter than analysts expected. The pressure is on the video streamer and on companies broadly to deliver solid growth in profits. That would help counter criticism that their stock prices shot too high following a 35% romp for the S&P 500 from a low in April.

Net

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