Market Snapshot: Dow Jones holds up after strong run as inflation data looms

by | Nov 13, 2023 | Stock Market

U.S. stocks were edging higher Monday afternoon in advance of important inflation data in coming days and the possibility of a federal government shutdown later this week.What’s happening
The Dow Jones Industrial Average
was up 81 points, or 0.2%, at 34,362.

The S&P 500
was up 3 points, or less than 0.1%, at 4,418.

The Nasdaq Composite
was little changed at 13,796.

On Friday, the Dow, S&P 500 and Nasdaq Composite rose to score back-to-back weekly gains.

What’s driving markets The S&P 500 has jumped 7.2% over the two weeks that ended on Friday, helped by benchmark borrowing costs
falling swiftly from 16-year highs on hopes that inflation can ease further and that the Federal Reserve is finished with its campaign of interest-rate increases. However, after that strong rally, a more cautious tone prevailed at the start of the new week as investors await the U.S. consumer-price-index report for October, due on Tuesday, which has the ability to underpin th …

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