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Feb 28 - Wall Street climbed in choppy trading on Friday, with Broadcom dipping and other tech stocks climbing after a meeting between the U.S. President Donald Trump and Ukrainian counterpart Volodymyr Zelenskiy ended in disaster.
Chipmaker Broadcom , opens new tab was down 1.1%, weighing on the S&P 500, while Nvidia , opens new tab, Apple , opens new tab and Tesla , opens new tab rose.The Nasdaq gained 0.29% to 18,598.86 points, while the Dow Jones Industrial Average was up 0.38% at 43,403.08 points. Fed in the sense that you still have inflation and you have an economy that is moving lower. If you add them together, that equals stagflation," said Peter Cardillo, chief market economist at Spartan Capital Securities.
Traders see the Fed lowering borrowing costs twice by December, little changed from before the report, according to data compiled by LSEG. Investors will assess comments from Chicago Fed President Austan Goolsbee later in the day.
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