Netflix, Stock
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Netflix stock has nearly doubled over the last 12 months to levels of about $1,270 currently. The rally has been driven by a crackdown on password sharing and the expansion of its advertising-supported tier.
Wall Street opened higher on Friday as market sentiment continued to be upbeat, a day after the S&P 500 and Nasdaq Composite closed at record highs. The S&P 500 (SP500) +0.3%, the Dow (DJI) +0.2%, and the Nasdaq Composite (COMP:IND) +0.
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Nvidia stock rose in premarket trading Friday after CEO Jensen Huang met with Chinese Commerce Minister Wang Wentao Thursday, in a sign it might deepen ties with China further.
U.S. stock futures are higher after more earnings reports after the regular session close and ahead of consumer sentiment data.
Costco ( COST) has been a steady outperformer over the last two years, riding a wave of consumer demand for value and bulk buying amid persistent inflation. But that momentum has stalled.
Along with decent second-quarter corporate earnings so far, the week's economic health checks have been enough to lift the S&P 500 (.SPX) and Nasdaq (.IXIC) to new record highs, and stock futures are positive again ahead of Friday's bell.
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