Investing.com -- Stocks on Wall Street had a mixed start to trading on Friday, as investors parsed through a busy week of quarterly corporate results and a yearly revision to U.S. inflation data.
On Thursday, the three main averages closed in the green, puttting them on pace to post their fifth-consecutive weekly gain. A revised print of U.S. consumer price index data showed that the annualized rate of inflation in the fourth quarter was unchanged at 3.3%, suggesting that an easing in price pressures throughout last year is still in tact. Officials at the Federal Reserve had said that they would be keeping an eye on the updated reading, as they assess the path ahead for interest rates.) unveiled a full-year forecast for organic revenue growth of at least 4%, below Bloomberg consensus expectations of 5.
Oil prices were higher, as ongoing violence in the Middle East showed little signs of abating after Israel rejected a ceasefire offer from Hamas.Israeli forces carried out an attack on on the southern border city of Rafah on Thursday following a decision by Prime Minister Benjamin Netanyahu to refuse to bring hostilities to a halt. Crude prices rose in the prior session.