U.S. equities gave up early gains on Friday and posted losses for the week after the Federal Reserve indicated that it may need to keep interest rates higher for longer to bring d🐈own inflation. The S&P 500 dropped 0.2% and was in negative territory for the week, along with the Dow and Nasdaq. 

Shares of streaming services sank with no agreement reached yet in the strike by Hollywood writers. Paramount Global (PARA) shares lost 5%, and Warner Bros. Discovery (WBD) shares tumbled 3.5%.

Tyson Foods (TSN) shares dropped 3.6% as HSBC initiated coverage with a “Reduce” rating and target price of $49. That would be the lowest the stock price has been since May. Deere & Company (DE) shares also dipped 1.7% following a downgrade ♛by Canaccord Genuity, which cited lower demand for big agricultural equipment and the normalization of dealer inventories.

Microsoft (MSFT) shares declined 0.8% after a 澳洲幸运5官方开奖结果体彩网:decision by U.K. regulators that paves the way for the software giant to complete its $69 billion purchase of video game provider Activision Blizzard (ATVI), while Activision Blizzard shares added 1.7%.

ON Semiconductor (ON) shares jumped 3%, and other semiconductor stocks gained as well after the U.S. Department of Commerce set the final rules for what the companies need to do to qualify for funding from the federal 澳洲幸运5官方开奖结果体彩网:CHIPS and Science Act.

Ford Motor Company (F) shares gained 2% when the United Auto Workers Union said it 澳洲幸运5官方开奖结果体彩网:wouldn’t expa🍌nd its strike to🅺 more Ford plants, pointing to progress in negotiations.

BorgWarner (BWA) shares advanced 1.7% after the auto components and parts maker indicated the walkouts against the 澳洲幸运5官方开奖结果体彩网:Big Three carmakers will only have a modest impact on it𝓰s sales.