Live Stock: Inflation is Going in the Wrong Direction, and so are Apple's iPhone Sales

$Walgreens Boots Alliance (WBA.US)$ fell 15%, the lowest on the S&P 500 after the firm said it would suspend its quarterly dividend to shareholders. WSJ reported that the Justice Department sued the pharmacy company this month for allegedly dispensing opioid pills inappropriately.

$Deckers Outdoor (DECK.US)$, the Hoka and Ugg shoe maker matched Walgreens in a 15% drop, after sales jumped 17% to $1.83 billion. What was the market unhappy about? The company said its sales estimate for its current fiscal year was about $4.9 billion, below estimates for $4.93 billion.

$Visa (V.US)$ shares climbed Friday after the credit card firm reported an earnings beat, and said it's payments volume climbed 9%.

$Exxon Mobil (XOM.US)$ shares fell after the firm Friday said its revenue for the quarter came in at $83 billion, not enough for Wall Street expectations. $Chevron (CVX.US)$ called the Gulf of Mexico, the Gulf of America, in its Friday morning earnings release, but that did not stop the stock from falling 4% after the firm said it pulled in less per-share profit this year and lost money refining jet fuel that saw lower demand.

Elsewhere in the economy,   $Crude Oil Futures(APR5) (CLmain.US)$ fell Friday to $72/barrel. Gold continued to hit records, and silver fell, while treasuries fell.   $Bitcoin (BTC.CC)$ hovered at $105,000.

Overall, the market climbed  Friday. Just past 10:45 am ET the     $S&P 500 Index (.SPX.US)$ traded up 0.67%, the         $Dow Jones Industrial Average (.DJI.US)$ just five bips, and the     $Nasdaq Composite Index (.IXIC.US)$ climbed 1.25%.

$Apple (AAPL.US)$ earnings meanwhile looked fine; they beat estimates for revenue, but iPhone sales slipped- with the largest drop coming from the Chinese market. The firm said revenue came in at $124.30 billion vs estimates of $124.22 billion, but sales in China were much softer than analysts had thought: 14% lower, at just $18.51 billion. iPhone sales have declined all year, and CEO Tim Cook said it was because there was no AI on iPhones in China yet, but I'm not sure,

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