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Stocks Trade Mixed, SPY Falls As Banks Kick Off Quarterly Earnings, But This Bullish Pattern Has Emerged

Benzinga ·  Oct 14, 2023 01:26

TheSPDR S&P 500 ETF Trust(NYSE:SPY) was volatile on Friday, as big banks kicked off quarterly earnings season, causing stocks to trade mixed.

Additionally, data released by the University of Michigan showed consumer confidence continued to drop in October, coming in at 63 compared to 68.1% in September. The data indicates Americans are still suffering the effects of high prices despite the Federal Reserve's long cycle of hiking interest rates to bring down inflation.Read more here...

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