Friday, January 20, 2023

Stocks waffle heading for weekly losses

  • Stocks waffle heading for weekly losses

    U.S. stocks struggled for direction on Friday as corporate layoffs continue to rise after Google became the latest company to announce cuts joining Amazon and Microsoft. Netflix shares bucked the downtrend with gains after quarterly subscriber numbers blew past estimates. In commodities, oil topped the $80 per barrel level, while gold traded firmly above the $1,900 an ounce level.

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