S&P 500 Approaches Record Highs, Netflix Declines Following Warner Bros Agreement: Market Updates for Friday

Market Performance: Major Wall Street indexes saw slight gains, with the S&P 500 up 0.2% and tech stocks rising 0.4%, amid expectations of a Federal Reserve interest rate cut next week.

Economic Indicators: The core Personal Consumption Expenditures price index showed a slight decrease in inflation, while consumer sentiment improved according to a University of Michigan survey.

Stock Movements: Adobe Inc. surged over 5% in anticipation of a strong earnings report, while Netflix Inc. dropped 3.5% following its acquisition of Warner Bros. Discovery, which faced allegations of a biased auction.

Earnings Reports: Ulta Beauty Inc. shares jumped 14% after exceeding earnings expectations, while DocuSign Inc. shares fell 6.5%. In the crypto market, Bitcoin slipped below $90,000.