Friday's big stock stories: What’s likely to move the market in the next trading session
Stocks posted a comeback on Thursday, one day after the Federal Reserve increased rates by a quarter percentage point and suggested an additional hike is ahead.
TL;DR
- Microsoft's AI CEO, Mustafa Suleyman, will be interviewed on CNBC's 'Squawk Box' Friday morning.
- Microsoft's stock has performed well recently, up 31% in the last three months.
- Apple's new iPhone 18 Pro and Pro Max go on sale Friday, with CNBC covering demand and pricing.
- Apple's stock is up 24% year to date, making it a top performer among 'Mag 7' stocks.
- The financial sector is the worst-performing sector week to date, down 2.4%.
- Bank of America and Goldman Sachs CEOs made comments that led to losses in their stock prices.
- Bank of America is down 7% week to date, while Goldman Sachs is down 7.6% this week.
- Some investors see the recent decline in financials as a potential buying opportunity.
- Bloom Energy, Everpure, and Illumina will join the S&P 500 effective after Friday's close.