Netflix Stock Jumps 6% on Wall Street’s Third Straight Big Day

Sean Burch

Netflix saw their stock prices jump up on Thursday as Wall Street enjoyed its third straight big day. Thursday’s rally followed the Senate agreeing on a $2 trillion stimulus plan to help workers and businesses deal with the fallout from the coronavirus outbreak. The three major indexes — the Dow Jones Industrial Average, S&P 500 and Nasdaq — all surged between 5.6% and 6.4% by the end of trading. The Dow, which closed at 22,552 points, is up 21% since its close on Monday. Netflix, which has been relatively stable over the last month compared to other companies that have seen their stock price plunge due to COVID-19 concerns, increased 6% on the day, closing at $363 per share. Disney’s strong week continued, too, with its share price increasing 4.6% to hit $105.36. The company is still far off from where the $140 per share it was trading at in early February, but it’s also made steady gains this week after hovering in the low $80s on Monday. Also Read: Why Netflix Likely Won't Need to Throttle Service in the US Shares of AMC Entertainment spiked more than 9% to close at $3.70, but the theater giant has still been...

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