Shares of Netflix fell 8.5% Thursday, as investors reacted to analyst projections for slowing subscriber growth after record gains last year on its password-sharing crackdown. The stock’s decline also came as the wider market declined on President Trump’s shifting decisions on tariffs against Canada and Mexico.

Leading U.S. stock indexes are falling in early trading amid concerns the economy is losing momentum and the impact of tariffs.

U.S. equity futures moved sharply lower in early Thursday trading amid a global government bond market selloff and slumping tech stocks as investors continue to navigate a backdrop of tariff uncertainty and softer economic growth.

The S&P 500 Index ($SPX) (SPY) today is down -0.32%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.05%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.40%. March E-mini S&P futures (ESH25) are down -0.