Netflix's stock surges as Disney's rival service set to launch; Apple's stock hits record high

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Shares of Netflix Inc. rallied 1.5% toward an 8-week high, as investors appear to be taking Tuesday’s launch of Walt Disney Co.’s rival Disney+ streaming service in stride. Netflix’s stock has now gained 3.0% this month, which also included the launch of Apple Inc.’s rival service Apple TV+ on Nov. 1. Apple’s stock rallied 0.6%, putting them on track to close at a record high, and has climbed 5.2% this month. Disney’s stock fell 1.1%, but had run up 3.8% on Friday on the back of upbeat third-quarter results. Disney shares have tacked on 5.0% this month.