Yahoo Finance’s Dan Roberts leads you into the weekend.Read More »
Wednesday was the 16th anniversary of Netflix's initial public offering. A $1,000 investment made at the stock's first-day closing price would be worth nearly $300,000 today. Wednesday was the 16th anniversary of Netflix's initial public offering, and an investor buying in then would have made a very impressive return over the years.
General Electric GE shares have been in free fall, but options traders are betting on a resurgence ahead. The stock has plunged to near-decade lows this year, down 47 percent over the last 12 months. On Thursday, shares of General Electric jumped nearly 3 percent setting off a surge in bullish trading activity, with call options doubling that of puts.
Oil prices fell more than $2 per barrel on Friday as Saudi Arabia and Russia discussed easing production cuts that have helped push crude prices to their highest since 2014. Brent crude futures (LCOc1) fell $2.35, or 3 percent, to settle at $76.44 a barrel. U.S. West Texas Intermediate (WTI) crude (CLc1) slumped $2.83, or 4 percent, to finish at $67.88 a barrel.