The major banks will wrap up earnings next week as investors keep an eye on quarterly reports from Tesla and Netflix as well as economic data housing, including mortgage rates.
Meanwhile, Netflix is also expected to show a revenue increase after cracking down on password sharing over the spring.
FILE - The Netflix logo is pictured on a remote control in Portland, Ore., Aug. 13, 2020. Netflix said Wednesday, Dec. 21, 2022, that it plans to build a state-of-the-art production facility at a former Army base at the Jersey Shore that will cost mo The streaming platform added more new subscriptions between May 25 and May 28 than in any other four-day period since Antenna began compiling the information in 2019. Over that period, average daily signups peaked at 73,000, and from May 26 to May 27, Netflix saw 100,000 new daily sign-ups.
Credit Suisse among several firms that upgraded the share price target, forecasting the stock can rise another 12% from current levels to $371, benefiting the Hollywood strike. Also on Wednesday, economic reports on housing starts, a measure of future demand, will be released.
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