Netflix (NASDAQ:NFLX) jumped in midday trading, while energy stocks were also higher thanks to a rally in oil prices.
Netflix stock gained about 2.3% at 12:55 PM ET (16:55 GMT).
The company will unveil a choose-your-own-adventure style programming format that will let the audience pick the storyline of a TV episode or movie, Bloomberg reported.
The stock was also bolstered by positive analyst comments about subscriber growth and its content lineup, according to published reports.
Meanwhile, energy stocks gained traction. Prices continue to rise on supply concerns as oil sanctions on Iran draw nearer.
Crude oil WTI futures were up about 2% and the S&P Energy Sector index climbed about 1.6%.
Canadian company MEG Energy (OTC:MEGEF) jumped 39% after it received an unsolicited takeover bid from Husky Energy (OTC:HUSKF).
Other energy stocks gaining ground were Marathon Petroleum (NYSE:MPC), up about 4%, and Hess (NYSE:HES), which rose about 3.6%.
