Markets
What's Going On With Netflix Shares - Netflix (NASDAQ:NFLX)

Benzinga
By Henry KhederianNetflix Inc NFLX shares are trading higher by 5.64% to $290.49 Friday afternoon.Shares of several companies in the broader communications, media & entertainment industry are trading higher amid overall market strength after October Core CPI data came in lower-than-expected, which could positively impact consumer spending and future Fed policy decisions.
Data released this week showed a slowdown in inflation and a rise in jobless claims. This has alleviated some concerns of high inflation and a tight labor market.
What Happened With CPI Data?
The headline CPI rose 7.7% in October, downfrom 8.2% in September, according todatafrom the U.S. Bureau of Labor Statistics.
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