Netflix Eyes Chinese Market; King Digital Slumps on Forex Woes

The S&P 500 opened at its record set a day earlier. That was despite data showing industrial production remained weak in April. The measure fell 0.3% compared to an expected flat reading. Netflix (NFLX) opened higher on talk it could be taking its content to China. The streaming service is reportedly in talks with Shanghai's BesTV New Media and Wasu Media Holding, a company backed by a group that includes Alibaba's (BABA) Jack Ma. King Digital (KING) was deep in the red by open. The creator of mobile game Candy Crush sold off after warning that foreign currency exchange could hurt its results later in the year.