Netflix Climbs 8% In Open As Media Sector Bounces Back

Shares of Netflix Inc. bounced back, climbing as much as 8% in the market open on Tuesday. This comes a day after Netflix closed down 6.8%, entering bear market territory, and the media sector suffered selloffs across the board in what's been labeled "Black Monday." The Walt Disney Co. and AMC Networks Inc. climbed 3% in the open, while Viacom Inc. and Time Warner Inc. opened up 2%. The S&P bounced back more than 2%.