Investing.com-- The S&P 500, Dow closed at fresh record highs, as investors digested more quarterly corporate earnings, including stronger-than-expected numbers from streaming giant Netflix.) shares rose over 11% after the streaming giant reported stronger-than-expected third-quarter earnings and also provided an upbeat outlook for the current quarter.
The firm added more subscribers than expected, with more people signing up for Netflix’s ads-based subscription tiers. "The most significant advantage of the ad tier so far is that it limits churn, lowering pressure on adding new subscribers," Wedbush said in a Friday note as it lifted its price target on the stock to $800 from $775.) stock dropped over 3% after the credit card giant reported third-quarter profit revenue below expectations and bigger provisions for credit losses, even as higher spending on its cards prompted an increase in full-year guidance.) stock fell 0.
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