Wall Street's main stock indexes edged up on Thursday as Tesla and Netflix kicked the U.S. earnings season into high gear, while Treasury yields eased off session highs ahead of remarks from Federal Reserve Chair Jerome Powell.
soared 14.5% after the world's No. 1 streaming company by subscriber count said it was raising prices for some of its plans in the United States, Britain and France after adding 9 million users in the third quarter.CEO Elon Musk said on Wednesday he was concerned about the impact of high interest rates on car buyers, adding that the EV maker was hesitant about its plans for a factory in Mexico.
Yields on benchmark Treasury notes slipped from session highs, but the 2-year yield, which best reflects short-term interest rate expectations, was still at a 17-year peak at 5.2249%, while that on the 10-year note stood at 4.9407%, near the 5% level last seen in 2007.
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