Equities opened higher Friday with all three major U.S. indices on track for solid weekly gains.
The Club's top things to watch Friday 1. Equities opened higher Friday — the S & P 500 climbed 0.45% — with all three major U.S. indices on track for solid weekly gains. Meanwhile U.S. bond yields were down for the week, with that of the 10-year Treasury hovering just above 4%. Oil prices climbed more than 1%, as West Texas Intermediate crude traded just under $85 a barrel. 2.
VMWare delivered better-than-expected quarterly earnings Thursday, even as sales fell short of analysts' forecasts and sent shares roughly 2% lower Friday morning. Broadcom is in the process of acquiring this cloud-computing firm, which should provide a boost to the former's overall gross-margin profile. 6. China is stepping up efforts to stimulate its economy as its post-Covid economic reopening continues to falter.
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