Tesla, Pfizer, Elastic, UiPath, Dell, Marvell, Ulta, Samsara, and Extra Market Movers

Stocks traded higher Friday after Federal Reserve Chairman Jerome Powell mentioned that whereas the central financial institution has made progress on bringing inflation all the way down to its 2% goal, it’s nonetheless ready to tighten financial coverage additional if wanted. Nevertheless, he did observe that the 11 fee hikes the Fed has made thus far have shifted financial coverage “properly into restrictive territory.”

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