Summary
Stocks rose on Friday morning as investors continued to weigh comments from Fed Chair Powell and other central bank officials, along with new consumer confidence data. The University of Michigan said that its preliminary consumer sentiment index for November fell to 60.4, down from a final October reading of 63.8 and below the Reuters consensus forecast of 63.7. On the earnings front, Illumina shares fell 13%, despite above-consensus 3Q EPS, after the company projected substantially lower shipments of its NovaSeq X gene-sequencing system. The Dow rose 0.5%, the S&P 0.8%, and the Nasdaq 1.2%. Crude oil traded near $77.50 per barrel, while gold fell more than 1% to $1943 per ounce.
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