CNBC Pro: Will 2023 be a greater 12 months for the chip sector? Wall Street pros weigh in and provides their top picks
Once an investor favorite, chip stocks have sold off this 12 months amid a flight to safety.The professionals reveal what’s next for the sector and name their top stock picks.
Pro subscribers can read more here.
— Zavier Ong
Stocks close higher to finish the week
Stocks resulted in the green on Friday.
The Dow Jones Industrial Average closed 176 points higher, or 0.5%, to 33,203.93. The S&P 500 rose 0.6% to three,844.82, while the and Nasdaq Composite added 0.2% to shut at 10,497.86.
— Tanaya Macheel
Fed preferred inflation indicator rises barely greater than expected
The core personal consumption expenditures price index, the Federal Reserve’s preferred gauge of inflation, rose barely greater than economists expected on a year-over-year basis.
Core PCE climbed 4.7% in November from the year-earlier period, while economists polled by Dow Jones expected a gain of 4.6%. Month over month, the index advanced 0.2%, matching expectations.
— Fred Imbert
