CNBC Daily Open: Who’s watching Netflix shares? Everyone
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here .
Consecutive winning weeks
All major U.S. indexes rose Friday for their sixth consecutive winning week. That's the longest streak this year for the S&P 500 and Dow Jones Industrial Average, both of which hit record highs. Europe's regional Stoxx 600 index added 0.21%, buoyed by luxury stocks. Friday's session pushed it 0.37% higher last week for its second consecutive week of gains.
Watching Netflix shares
Netflix shares popped 11% on Friday, a day after the company reported third-quarter results that beat earnings, revenue and paid membership estimates. Netflix's growth in its ad-supported membership was the highlight of its report. Subscribers in that tier jumped 35% for the quarter and comprised 50% of new sign-ups.
Inflationary vibes
Inflation, according to the consumer price index, has been dropping close to the U.S. Federal Reserve's 2% target. Why, then, does the U.S consumer still feel burdened by high prices and increasing debt? CNBC's Jeff Cox explores the tension between slowing inflation and high prices, and the tricky situation the Fed's in with regards to interest rates.
Boeing votes
The strike at Boeing, which has so far lasted more than a month and cost Boeing an estimated $1 billion, might end soon. On Saturday, Boeing and its machinists' union reached a new contract proposal, said the union, which offers 35% wage increases over four years. The union is set to vote on the deal on Wednesday.
[PRO] Earnings to shape markets
Around 20% of S&P 500 companies will report earnings