September consumer price index came in hotter than expected with headline CPI up 3.7% and core rate up 2.6%, pushing bond yields higher and dragging stock futures lower. Morgan Stanley beat third-quarter estimates driven by strong equities trading, while Bank of America missed on revenue and was fined $1.2 billion for anti-money laundering violations. Apple shares extended gains following the unveiling of its new HomeView smart home hub priced at $299, with preorders for the iPhone Duo opening Friday. Jefferies upgraded Brinker International and Texas Roadhouse to buy, citing their transition from turnarounds to durable compounding stories.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
