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 Ap

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