On Monday, phrama giant Pfizer revealed positive COVID-19 vaccine news.
The news sent shares of stay-at-home stocks like Netflix plummeting on Monday.
Netflix itself fell as much as 9%, even as major indexes like the S&P 500 and Dow Jones industrial average soared to record highs.
Consumers flocked to entertainment alternatives amid the lengthy stay-at-home orders.
Netflix saw a spike in subscribers due to the COVID-19 pandemic.