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Netflix shares dip as Wall Street braces for quarterly report

Reuters  |  SAN FRANCISCO 

By Noel RandewichSAN FRANCISCO (Reuters) - Shares of Netflix slipped 1 percent on Monday ahead of the video streaming service's quarterly report as investors braced for signs of whether it and other leading stocks are likely to carry the market higher over the next few weeks.Options activity implied traders expect a move of at least 9 percent up or down in Netflix by Friday, according to Thomson Reuters data. Netflix has surged 35 percent since its previous quarterly report on Jan. 22, making it one of Wall Street's best performers as the S&P 500 has slipped into correction territory and ...

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First Published: Tue, April 17 2018. 00:36 IST