Investing.com – The S&P 500 slipped Friday as weakness in tech offset a surge in Wall Street banks following better-than-expected quarterly results.JPMorgan rose more than 2% after reporting a 35% jump in earnings for third quarter, underpinned by a surge in rates that bolstered its retail banking unit's profits.Energy stocks rose more than 2% following a surge in oil prices after the U.S.
The move prompted cheers from Wall Street, with some forecasting a step up in the pace of investments needed to help the discount retail chain navigate a tricky consumer spending landscape. Dollar General stock, which is down 50% year to date, is close to bottoming, Oppenheimer said in note, adding that the appointment “gives us more confidence in the intermediate-term outlook.”The White House is weighing up additional options to prohibit Chinese companies from accessing artificial intelligence chips from U.S. companies, Reuters reported, citing unnamed sources.
The UK antitrust watchdog’s approval comes after Microsoft addressed antitrust concerns by agreeing to sell Activision’s non-European cloud streaming rights to French video game group Ubisoft Entertainment.We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other.
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Are Strong 2023 Gains a New Bull or Just a Bear-Market Rally in Disguise?Stocks Analysis by James Picerno covering: S&P 500, iShares Core S&P 500 ETF, SPDR® S&P 500, S&P 500 Futures. Read James Picerno's latest article on Investing.com
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