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Why Netflix, Roku, and FuboTV Surged Today

Why Netflix, Roku, and FuboTV Surged Today

Shares of streaming companies Netflix (NASDAQ: NFLX), Roku (NASDAQ: ROKU), and FuboTV (NYSE: FUBO) were surging today, rising 4.4%, 4.5%, and 7.3%, respectively, as of 3:54 p.m. ET. All three stocks are leveraged to streaming subscriptions and digital advertising, which benefit from rising consumer-discretionary spending.