US Equity Markets Rise After Inflation Gauge Matches Estimates

MT Newswires Live09-27

US equity indexes rose Friday, snapping a three-day skid, after an inflation gauge matched consensus estimates.

* The core measure in the personal consumption expenditures index in August rose 0.2% from July and 2.9% from a year earlier, aligning with estimates in a Bloomberg survey.

* US personal income rose 0.4% in August, and personal consumption expenditures increased 0.6%, both exceeding forecasts.

* November West Texas Intermediate crude oil rose $0.40 to settle at $65.38 per barrel, while November Brent crude, the global benchmark, was last seen up $0.38 to $69.80.

* Electronic Arts (EA) shares rose 15% after The Wall Street Journal reported that the company is close to a deal to go private, potentially valuing the video game publisher at $50 billion.

* Concentrix (CNXC) shares fell 13%, a day after the company reported fiscal Q3 non-GAAP earnings that trailed consensus.

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