Stocks climbed higher on Friday after big US banks kicked off earnings season with upbeat profits, as the developing conflict in the Middle East kept investors on watch.tightened sanctionsSticky inflation, rising yields and a slumping stock market are taking a toll on how consumers feel about the current state of the US economy.
After several sticky inflation reports, Americans aren't feeling as bullish about inflation's path downward, either. One year-inflation expectations are now for prices to grow 3.8% over the next year. Last month consumers had projected inflation of 3.2%. Shares of the semiconductor company continued their climb Friday morning, rising 0.8%, following news that Broadcom’s acquisition of the cloud computing company VMware Shares Could Be 32% Below Their Intrinsic Value Estimate
Source: News Formal (newsformal.com)
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