*U.S. STOCKS RACK UP BIG GAINS ON FRIDAY, BUT S&P 500 STILL ENDS WEEK IN RED AS RECESSION WORRIES MOUNT $DIA $SPY $QQQ 🇺🇸🇺🇸
were offset by subscriber additions of 7.5 million that far exceeded expectations for 4.5M. The trend of subscriber growth is likely continued, led by the streaming giant’s new advertising tier.
Alphabet also racked up gains to help tech advance as investors cheered news the tech giant will cut costs by axing about 12,000 jobs.
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