US Stocks Split as Inflation Cools, Wall Street Awaits Higher Open
TL;DR Summary
US stocks were mixed as the Dow Jones Industrial Average gained 0.8% while the S&P 500 slipped 0.1% and the Nasdaq Composite fell 0.6%. The release of the Fed's preferred inflation measure, the PCE index, which came in line with expectations, added to the belief that the Fed may cut rates sooner than expected. Oil prices rose as OPEC+ agreed to additional output cuts of 1 million barrels per day. Pending home sales hit a 20-year low due to rising mortgage rates.
- Stock market news today: US stocks split as Fed's favorite inflation gauge cools Yahoo Finance
- Inflation shows further signs of cooling in October as indicated by PCE Yahoo Finance
- Wall St set for higher open on peak interest rate bets Colorado Springs Gazette
- Stock market today: Wall Street opens mixed and is still headed for big gains in November The Killeen Daily Herald
- Fed's favorite gauge shows inflation rose 0.2% in October and 3.5% from a year ago, as expected CNBC
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