Broadcom Beat Estimates, Then Fell 6% After Hours

Markets at a Glance

S&P Futs 7,683 ↑0.1%

Gold $4,475 ↑2.0%

Dow Futs 53,171 ↑0.1%

10-Yr 4.74% ↓2bp

WTI $91.30 ↑0.3%

Bitcoin $77,606 ↑0.1%

Markets change.

Inflation changes.

Interest rates change.

The question isn't whether markets will fluctuate.

The question is whether your retirement plan is built to weather those changes.

See why thousands of Americans are learning about Gold IRAs.

The Big Stories

1.	Fed Governor Waller said he’d support holding rates at the September meeting. CPI on September 11 is the deciding factor. Hike odds were at 70% yesterday. Reuters

2.	Broadcom posted Q3 revenue of $29.59B, above the $29.36B estimate. Stock fell 6% after hours on Q4 guidance of $34.8B. AI semiconductor revenue tripled. Nobody cared. CNBC

3.	WTI is on track for its biggest weekly gain since July. Iran tensions held crude above $91. BBG

Markets & Economy

4.	ISM Services PMI rose to 55.4 in August, beating the 54.3 estimate. The prices sub-index 12-month average is the highest since April 2023. WSJ

5.	Gold climbed to $4,475, up under 1% net over two sessions. It was at a three-week low 48 hours ago. Reuters

6.	Jobless claims rose to 206,000 from 203,000 last week. Still in the tight band that’s held for a year. AP

Politics

7.	A federal judge blocked Trump’s executive order on birthright citizenship. Judge Boardman cited the Supreme Court’s June ruling. It was his second attempt. Fox

8.	Treasury Secretary Bessent said Japan should end its easy-money era. The yen jumped past ¥158, strongest level in three weeks. CNBC

Around the World

9.	Israel freed its first Lebanese detainee since ceasefire talks began. Four more releases planned through US mediation. AP

10.	Asian stocks opened higher Friday, tracking Wall Street. The Nikkei lost 2.85% earlier this week. BBG