The Dow Jones Industrial Average fell 0.01% to 44,152.65 units, the S&P 500 index fell 0.3% to 6,068.20 units, while the Nasdaq fell 0.5% to 19,945.18 units.
The elected president of the United States, donald trumprang the opening bell of the New York Stock Exchange after being named person of the year for the second time by Time magazine. After that, Wall Street’s main indices opened lower.
The Industrial Average Dow Jones fell 0.01%, to 44,152.65 units, the index S&P 500 fell 0.3%, to 6,068.20 units, while the Nasdaq fell 0.5%, to 19,945.18 units.
With Donald Trump’s visit, Wall Street opened a new day in the markets
In the previous day, a report from the Department of Labor showed that the Consumer Price Index (IPC) rose 0.3% monthly in Novembercompared to the 0.3% increase predicted by economists surveyed by Reuters. Annually, it stood at 2.7%, in line with estimates.
Core inflation, which excludes volatile components such as food and energy, stood at 3.3%, as expected.
Bets that the Fed will cut its benchmark interest rates by 25 basis points next week rose to more than 96%up from 86% odds before the data, according to CME’s FedWatch tool. Bets had risen following Friday’s jobs report, which showed a rebound in unemployment along with an increase in job growth.
US government bond yields also fell after the data, with the 10-year note yield at 4.2108%. Yields move inversely to prices.
Source: Ambito
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