US major indices higher helped by lower inflation. Nike throws out a warning. ...Middle East

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US major indices higher helped by lower inflation. Nike throws out a warning.
The major US indices are trading higher after tame core and headline PCE data out of the US this morning. The good news is inflation is melting away. There is some worry, however. Nike reported their earnings after the close yesterday and their guidance was not all that rosy. Shares of Nike are trading down -10.52%. The question in 2024 is how bad is a slowdown and whether it will it lead to the cycle of "job losses beget job losses". So far, job losses have been limited. Good news is productivity should increase (or that is a hope). Consumers are also flush with solid balance sheets from the stock gains and home prices which remain elevated helped by low supply. A snapshot of the market s

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