More sell-offs for computer chip companies and other winners of the artificial-intelligence technology boom are yanking stock markets lower Friday. Oil prices, meanwhile, continue to climb because of the war with Iran.

Netflix — The streaming giant dropped more than 10% after its in-line results for the second quarter failed to impress investors. Netflix earned 80 cents per share on revenue of $12.56 billion. Analysts polled by LSEG expected a profit of 79 cents per share on revenue of $12.