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Markets
2023-11-11 20:54:06

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

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Benzinga
By Henry Khederian

Netflix 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.

#nasdaq#nflxshares#economistestimates#marketstrength#headlinecpi

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