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| 08:59am | Wall Street Decided the Crisis Is Over Before the World Does |  |
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Published on 01/22/2025 at 05:33 pm EST - Modified on 01/22/2025 at 05:34 pm EST
Communications services companies rose sharply after Netflix's earnings exceeded high expectations.
Netflix shares rose by more than 10% after it said it would raise prices in the U.S. after a larger-than-anticipated increase in subscribers, motivated by live events such as the Mike Tyson fight in November.
Shares of Max streaming service owner Warner Bros Discovery rallied in sympathy.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
01-22-25 1733ET
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