Wall Street Today | 'Squid Game' boosts Netflix's Q3 subscriber growth

Asian stocks are set to track a U.S. rally as a focus on corporate earnings helps to ease some of the concerns over inflationary pressures in the global economy. A gauge of the dollar held a retreat.

Jet fuel prices are surging above pre-pandemic levels, an ominous headwind for airlines plotting a recovery from more than a year of losses. Despite lackluster demand, the cost of jet fuel has climbed about 70% so far this year alongside rising crude oil prices.

There may be a glimmer of hope for U.S. employers who are facing an acute labor shortage.

"Job" has finally overtaken "unemployment" as a search term for the first time since March 2020, according to data from Google Trends. The number of Americans googling "unemployment" peaked at the end of March 2020, when the pandemic shut down the U.S. economy, and had been hovering above "job" searches until mid-September 2021.

Its revenue rose 11% year over year in the third quarter to $23.34 billion. Earnings were $1.37 a share—up from $1.33 a year ago—or $2.60 a share after stripping out one-time items. Wall Street analysts had been forecasting sales of $23.64 billion and adjusted earnings of $2.35 a share, according to FactSet.