Stocks retreated Friday following a gloomy outlook from Intel and as investors parsed a key inflation reading seen as influential in the timing of an interest rate cut. The S&P 500 (^GSPC) rose above the flatline after a winning Thursday saw the benchmark close at another record high. The Dow Jones Industrial Average (^DJI) edged up 0.2% or about 80 points, while the tech-heavy Nasdaq Composite (^IXIC) sank 0.1% Techs led the way lower after Intel’s (INTC) first quarter outlook fell well short… Source link
Read More »NFL probe also chills trade market
In the 12 years since the commissioner’s exempt list was popularized as a circumstantial tool to sit NFL players down while continuing to pay their salary, only one thing has remained consistent: The standard for the league’s “timeout” has been as opaque as it is broad. And for this reason, the 16 pending civil lawsuits against Houston Texans quarterback Deshaun Watson could lead him to be removed from NFL activities at any moment this offseason or suspended entirely — or not… Source link
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