S&P 500, Nasdaq gain on boost from Alphabet, Netflix

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By Shreyashi Sanyal and Amruta Khandekar (Reuters) – The S&P 500 and the Nasdaq rose on Friday after Netflix kicked off the earnings season for growth stocks on an upbeat note, while Google parent Alphabet gained on news of job cuts. Shares of Netflix Inc jumped 8% as the streaming company added more subscribers than expected in the fourth quarter and said co-founder Reed Hastings was stepping down as chief executive. Netflix’s quarterly update comes as the technology sector faces gloomy prospects due to rising interest rates and economic worries that have forced companies such as Microsoft Co…

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