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The Dow plunges 750 points as higher oil prices keep inflation fears alive [Yahoo! Finance]
Last broadcom inc. earnings: 3/12 04:15 pm
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US:NASDAQ Investor Relations: investors.broadcom.com
Wall Street spent Thursday checking the gas gauge — because that's where the market's mood is being checked. After Wednesday's relief rally , stocks slipped again as crude oil climbed again on the war in the Middle East, and the market re-centered itself around the oldest equation in finance: energy up, everything else suddenly feels heavier. The S&P 500 was down about 0.74% , the Dow was off roughly 784 points (about 1.6%), and the Nasdaq was down about 0.3% around 11:45 a.m. ET. Volatility perked up, too, with the VIX up 10.5% to sit over 23. Oil did most of the talking . During the morning, Brent climbed to about $84.56 a barrel, and U.S. crude to roughly $78.66, both sharply above late last week's levels, and gas prices were already responding. AAA's national average was $3.25 a gallon, up 9% from a week earlier. Traders kept a close eye on the Strait of Hormuz, the narrow chokepoint that typically carries about a fifth of the world's oil, after reports of rising disruption r
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- Broadcom (AVGO) had its price target raised by Citigroup Inc. from $458.00 to $475.00. They now have a "buy" rating on the stock.[MarketBeat]
- Fears of an oil shock are slamming stocks again after Iran says it attacked a crude tanker [Yahoo! Finance][Yahoo! Finance]
- Broadcom CEO's copper commitment tanks Corning shares — but sellers are mistaken [CNBC][CNBC]
- JFrog (FROG) Shares Skyrocket, What You Need To Know [Yahoo! Finance][Yahoo! Finance]
- Market Outlook: CNQ rally highlights energy strength amid higher oil prices [BNN Bloomberg (Canada)][BNN Bloomberg]
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