Business

Market Movers

Netflix gains users, leads S&P 500 higher

Original shows and exclusive studio deals are lifting Netflix. “Arrested Development” (above) debuts May 26 on Netflix.

Netflix via Associated Press

Original shows and exclusive studio deals are lifting Netflix. “Arrested Development” (above) debuts May 26 on Netflix.

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Netflix Inc., vanquishing skepticism about its prospects, was the top S&P 500 stock on news it signed up 2 million more US customers. The DVD and online video service’s gain of 134 percent in 2013 is the best on the S&P 500. Netflix is now the leader in online video, recovering momentum after pricing missteps two years ago. Quarterly profit was $2.69 million, versus a $4.6 million loss a year earlier. Sales rose 18 percent to $1.02 billion.

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