Volatility continued Friday, with Dow futures swinging wildly.
, excluding the food and energy sectors, jumped 4.9% from a year ago. November's number increased 4.7% year over year. Following the Fed's two-day January meeting earlier this week, central bankers signaled the first Covid-era interest rate hike as soon as March to fight rising inflation.Justin Sullivan | Getty ImagesChevron shares on Friday were pulling back from an all-time high in the prior session.
adjusted fourth-quarter earnings. Revenue of $48.13 billion beat expectations. The results come as oil stages a blistering recovery from its pandemic-era lows, with international crude prices and U.S. oil prices trading at more than seven-year highs.Caterpillar Inc. excavators are displayed for sale at the Whayne Supply Co. dealership in Louisville, Kentucky, U.S., on Monday, Jan. 27, 2020. Caterpillar is scheduled to release earnings figures on January 31.
CEO Tim Cook told CNBC those supply chain challenges are showing signs of improvement. He also addressed rising prices:"I think everybody's seeing inflationary pressure. There's no two ways about that." Apple ended its December quarter with a net cash position of $80 billion. Management once again reiterated the goal of reaching a"net cash neutral position over time."Vlad Tenev, CEO and co-founder Robinhood Markets, Inc.
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