Netflix shares pared losses to trade 0.21% higher at $103.45, while Warner Bros traded 3.14% higher at $25.33. (Image: Unsplash) Show Quick Read Summary is AI Generated. Newsroom Reviewed

The S&P 500 and Nasdaq Composite opened in the green on Friday as investors pooled in hopes for another Federal Reserve rate cut this month.

Netflix Inc., the day's most-watched out stock, swung to highs as the trading progressed after opening in the red. In the early minutes of trade, the shares dropped more than 4% as the company lined up $59-billion debt for its acquisition of Warner Bros. While on the other hand, Warner Bros. Discovery Inc.'s stock rose more than 3%.

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