Netflix missed Wall Street's third-quarter earnings targets because of an unexpected expense from a dispute with Brazilian tax authorities.

The streamer's third-quarter earnings fell short of Wall Street estimates after logging a one-time tax expense in Brazil. Even the "KPop Demon Hunters" were no match for the jump scares in Netflix's ( NFLX) latest earnings .

Markets are in the red this morning. Still at record highs, the major indices are down at the moment on earnings, on trade war concerns, and on rising oil prices. Tesla (NASDAQ: TSLA) missed on earnings,

The share price of streaming giant Netflix dropped by 7% as the company reported disappointing third-quarter earnings and blamed a Brazilian tax dispute.

Wednesday, as a Reuters report that the U. is considering curbs on a wide range of exports to China ratcheted up U.

NEW YORK (AP) — U.S. stocks and the price of gold fell on Wednesday, as momentum on Wall Street reverses. The S&P 500 sank 0.5%, though it’s still within 1% of its all-time high set earlier this month. The Dow Jones Industrial Average dropped 334 points, or 0.7%, from its record set the day before, while the Nasdaq composite fell 0.9%.

The Dow touched an intraday record high while the Nasdaq slipped as investors focused on a wave of quarterly earnings while remaining vigilant about US-China trade tensions.