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U.S. stocks wobble as producer price report stokes fears about rates By Investing.com

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*U.S. STOCKS MOSTLY LOWER AS INFLATION DATA STOKES FEARS ABOUT RATES $DIA $SPY $QQQ 🇺🇸🇺🇸

The Fed raised the rate by 75 basis points for each of its last four rate decisions.reading for December was stronger than expected, too, coming in at 59.1 and beating the 56.9 expected.

Broadcom Inc shares rose 3.1% after the chipmaker forecast higher-than-expected revenue for the current quarter.

 

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