Friday's Big Stock Stories: What’s Likely to Move the Market in the Next Trading Session
The artificial intelligence trade took a hit on Thursday after OpenAI's annualized revenue was revealed to be short of the amount previously signaled.
TL;DR
- Delta Air Lines will release earnings and its CEO will be interviewed on "Squawk Box" on Friday morning.
- PepsiCo's stock rose nearly 4% after reporting organic revenue, net revenue, and EPS beats, though guidance was reduced.
- Jim Cramer noted PepsiCo's sales are strong and the CEO is performing well, suggesting the stock is a decent buy with a 4.61% dividend yield.
- The French 10-year yield is trading around 4.8%, and the iShares MSCI France ETF (EWQ) is down this week and month.
- Oil prices saw Brent futures around $104 a barrel and WTI crude futures around $91.
- The S&P Energy sector is up 3.8% this week, with Marathon Petroleum and Valero leading gains.
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