U.S. stock indexes traded higher on Monday in a subdued trading session in the lead-up to the release of key inflation data and the Federal Reserve’s interest-rate decision later this week. How stock indexes are trading
The Dow Jones Industrial Average
DJIA
added 95 points, or 0.3%, to 36,343
The S&P 500
SPX
rose 13.6 point, or 0.3% to 4,618
The Nasdaq Composite
COMP
went up 19.5 points, or 0.1%, to 14,423
On Friday, the Dow industrials rose 130.49 points, or 0.4%, to close at 36,247.87, its highest close since Jan. 12, 2022. The S&P 500 rose 0.4% to finish at 4,604.37, its best close since March 29, 2022, and the Nasdaq Composite climbed 0.4% to 14,403. 97, the highest close since April 4, 2022.
What’s driving markets After a stronger-than-expected job report that helped propel stocks higher on Friday, U.S. equities were mostly continuing their upward trend on Monday morning, but without much conviction as investors now turn their attention to the final Fed meeting of the year on Wednesday and important inflation data ahead of that. Economists expect that November consumer prices, due Tuesday at 8:30 a.m. Eastern time, will show soft headline inflation but a firm core reading, which strips out food and energy prices. On Wednesday, Fed Chair Jerome Powell and his colleagues will announce the outcome of the two-day policy meeting, with the central bank mostly expected to hold its key benchmark policy rates steady in a range of 5.25% to 5.5%, according to CME FedWatch Tool. Market strategists generally expect Tuesday’s inflation data, if it comes in as ex …
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The Dow Jones Industrial Average
DJIA
added 95 points, or 0.3%, to 36,343
The S&P 500
SPX
rose 13.6 point, or 0.3% to 4,618
The Nasdaq Composite
COMP
went up 19.5 points, or 0.1%, to 14,423
On Friday, the Dow industrials rose 130.49 points, or 0.4%, to close at 36,247.87, its highest close since Jan. 12, 2022. The S&P 500 rose 0.4% to finish at 4,604.37, its best close since March 29, 2022, and the Nasdaq Composite climbed 0.4% to 14,403. 97, the highest close since April 4, 2022.
What’s driving markets After a stronger-than-expected job report that helped propel stocks higher on Friday, U.S. equities were mostly continuing their upward trend on Monday morning, but without much conviction as investors now turn their attention to the final Fed meeting of the year on Wednesday and important inflation data ahead of that. Economists expect that November consumer prices, due Tuesday at 8:30 a.m. Eastern time, will show soft headline inflation but a firm core reading, which strips out food and energy prices. On Wednesday, Fed Chair Jerome Powell and his colleagues will announce the outcome of the two-day policy meeting, with the central bank mostly expected to hold its key benchmark policy rates steady in a range of 5.25% to 5.5%, according to CME FedWatch Tool. Market strategists generally expect Tuesday’s inflation data, if it comes in as ex …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]