The main indices on Wall Street closed in a muted fashion on Tuesday, as investors weighed up stronger than expected retail sales as well as more earnings reports.
The 30-stock Dow gained just 13 points, or 0.1%, while the benchmark S&P fell marginally and the tech-heavy Nasdaq dropped 0.3%.Tensions in the Middle East were heightened Wednesday after a missile strike on a Gaza hospital killed hundreds of Palestinians. Palestinian officials blamed the Israelis for the strike, while Israel said the accountability lay with a failed rocket launch by Palestinian militants. Both sides denied responsibility.
President Joe Biden was in Israel to meet Israeli Prime Minister Benjamin Netanyahu and the Israeli war cabinet. A planned summit between Biden, Palestinian President Mahmoud Abbas and Egyptian President Abdel Fattah al-Sisi was cancelled.Netflix's crackdown on password-sharing is expected to have boosted subscribers by about 6 million in the third quarter, and investors will be looking to see whether this sets the stage for price increases in an attempt to further increase revenue.
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