Netflix earnings, China's Q3 growth, gold's new record - what's moving markets

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Netflix earnings, China's Q3 growth, gold's new record - what's moving markets

Investing.com -- US stock futures were muted on Friday, as investors assessed a raft of corporate earnings and fresh growth data out of China. Netflix's quarterly income tops estimates, highlighting the streaming giant's drive to prioritize profit over subscriber additions. Elsewhere, gold hits an all-time peak andUS stock futures wavered around the flatline on Friday following a mixed day on Wall Street in the prior session.

Earnings per share in the quarter came in at $5.40 and revenue rose to $9.83 billion, both above projections. Beijing has announced a string of stimulus measures over the past three weeks, marking China’s most concentrated efforts yet to shore up sluggish economic growth. A sustained deflationary trend, weak private spending and a prolonged property market crash have been the biggest weights on the world's second-largest economy.

 

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