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Wall Street prediction shows mixed signals after inflation data, Middle East tensions, and weekly gains.
Core inflation came in lower than expected, but energy prices are expected to impact future inflation.
KEY POINTS
- San Francisco Fed President Mary Daly warned oil shocks may delay inflation's return to the 2% target.
- Consumer sentiment dropped to a record low, with short-term expectations at their lowest since 1980.
- Chipmakers like Broadcom, Nvidia, and TSMC led gains and are key stocks to watch this week.
- Earnings season is expected to show S&P 500 profit growth of 13.9%, shifting focus to fundamentals.
COMPANIES
Summarized by Newsio from The Economic Times. How we summarize →