Over the past month, markets have seen a steady rise as investors were optimistic that the Federal Reserve was finally done raising interest rates.
Investors were in for a relatively quiet day in a week that included some key economic reports.
New York Stock Exchange
This Friday, Wall Street presents a decrease in its main indices, after registering its best month in more than a year.
Thus, the S&P 500 experiences a drop of 0.1%. Meanwhile, the Dow Jones Industrial Average It climbs 57 points, equivalent to 0.2%, reaching 36,011. On the other hand, the Nasdaq suffers a drop of 0.3%.
The giant communication and technology companies exert a notable downward influence on the market. Chipmaker Intel is down 2.4%, while Google’s parent company Alphabet is down 1.1%.
Wall Street: the data analyzed by the market
On Wall Street, the day begins with a mix of late earnings reports and financial updates pending review.
Dell, a computer maker, experiences a decline of 5.3% after announcing a revenue forecast that fell short of investors’ expectations. Elsewhere, beauty retailer Ulta Beauty is up 12% after reporting results that beat estimates.
Investors were in for a relatively quiet day in a week that included some key economic reports. The returns of the Treasury bond they remain stable.
Throughout November, markets saw a steady rise as investors became optimistic that the Federal Reserve would have finally ended with the increase in interest rates in its fight against inflation. Recent economic data supports this view.
On Thursday, the Fed’s preferred measure of inflation showed a slowdown last month. Inflation has generally been declining since mid-2022, when the Fed began to aggressively increase its interest rate reference.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
