LULU stock sinks 18%: Michael Burry calls Lululemon a ‘trickster,’ eyes dip buying under $100
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Here is what you need to know on Friday, September 4:
Broadcom exceeded its fiscal Q3 guidance by a wide margin.
Global stocks rallied as Fed officials eased fears of a September rate hike, while oil prices rose amid renewed US-Iran fighting and inflation concerns.
The increase extended a decent run of form that continues to defy the impact of surging energy prices as the conflict in the Middle East persists.
Key PointsIt also helped that cryptocurrencies rallied impressively.