Dow jumps after upbeat big-bank earnings, Nasdaq slips: Stock market news today

Stocks were mixed on Friday afternoon after big US banks kicked off earnings season with upbeat profits, as the developing conflict in the Middle East kept investors on watch.tightened sanctionsWall Street gave up some of its gains Friday afternoon, as investors digested the results from big banks and a reading on consumer sentiment that fell on concerns over inflation.

Still, markets were indicating the Fed will likely hold rates steady in November. And even in December chances are shrinking that the Fed will raise rates then. As of Friday morning, markets were pricing in a 92% chance the Fed hold rates where they are in November,The largest-ever merger in the gaming market has closed, bringing an end to a protracted battle with government regulators over concerns of consolidation and competition.

The first October reading of the University of Michigan Consumer Sentiment Index showed a reading of 63, down from 68.1 in September. The 7% drop was the largest one month move downward since the regional banking crisis in March. 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 -- Palestinians in northern Gaza flooded streets in cars and on foot, heading south after Israel gave residents 24 hours to evacuate amid continued bombing and fears of a looming ground invasion.

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