The stock market keeps climbing even though expectations for Fed rate cuts are falling. That’s not what usually happens.

A jump in US retail sales boosted world markets Thursday even as investors mulled the US rates outlook, US President Donald Trump's tariffs and the future of Federal Reserve boss

Netflix stock has nearly doubled over the last 12 months to levels of about $1,270 currently. The rally has been driven by a crackdown on password sharing and the expansion of its advertising-supported tier.

Netflix also raised its 2025 profit outlook, but the stock was down after hours.

Netflix beat easily on earnings last night, and barely edged out sales expectations as well. Operating margins improved mightily in Q2 versus a year ago, but management warned of smaller margins for the full year.