Posted 10/13/2023, 3:15:03 PM
Stocks Mixed as Banks Beat Earnings But Inflation Worries Drag Consumer Sentiment
- Stocks mixed as big banks like JPMorgan and Wells Fargo beat earnings estimates to kick off reporting season
- Consumer sentiment drops sharply in October on inflation concerns as chances of December rate hike fall
- Microsoft closes $69B acquisition of Activision Blizzard after clearing final UK regulatory hurdle
- September inflation data shows prices still rising steadily, keeping pressure on Fed to continue rate hikes
- Stocks to watch JPMorgan, Wells Fargo up on earnings beats; UnitedHealth higher on profit beat; BlackRock down despite beat