<div id="readability-page-1">Wall Street's major averages pared some gains on Friday, as traders assessed fresh inflation data in hopes of gauging the Federal Reserve's monetary policy, while news of Netflix (NFLX) acquiring Warner Bros. Discovery (WBD) dominated news. The benchmark S&amp;P 500 (SP500) was last +0.1% in midday trade, while the Nasdaq Composite (COMP:IND) was +0.1%...</div>

NFLX

<p>Wall Street's major averages saw gains reduced as traders evaluated new inflation data and its impact on Federal Reserve policy. Meanwhile, Netflix's acquisition of Warner Bros. Discovery was a key focus. The S&P 500 and Nasdaq Composite both rose by 0.1% in midday trading.</p>

- Wall Street's major averages experienced slight gains as traders evaluated new inflation data to understand the Federal Reserve's monetary policy.  
- The S&P 500 and Nasdaq Composite both showed a modest increase of +0.1% during midday trading.  
- Additionally, Netflix's acquisition of Warner Bros. Discovery was a significant news highlight.  

Stocks erase some gains after NFLX-WBD acquisition rally, inflation gauge data