Oil prices were rising early on Friday at the close of a week where concerns about additional sanctions on key producers helped offset several bearish reports on the supply-demand balance in the market.
The cost of imported goods aren’t adding much to inflation now, but rising prices could become a bigger threat next year if President-elect Donald Trump goes ahead with the stiffest U.S. tariffs in decades.
Shares of Broadcom were soaring ahead of Friday’s market open, after a bullish forecast on AI chip sales, which could end up pushing the company to a $1 trillion market capitalization.
Bond yields edged higher on Friday after four consecutive rises, as traders grapple with data released this week showing the Fed struggling with the last mile of its inflation fight.