3 things investors need to know this week!
Welcome to our newsletter. Each week, we’ll share the top 3 things any investor needs?to know to help them stay on top of things!
Dow slides, Alphabet leads Nasdaq higher after new chip reveal:?US stocks were mixed on Tuesday as investors trod carefully on the eve of a closely watched consumer inflation report seen as key to the path of interest rates. ?
The Dow Jones Industrial Average (^DJI) was the lone index in the red, hovering just below the flat line. The S&P 500 (^GSPC) was up about 0.2%, while the tech-heavy Nasdaq Composite (^IXIC) rose almost 0.6% after all three gauges started the week with small losses.
?
The Fed's 'final 5-pound' issue with inflation points to gradual rate cuts:?This week, markets are back on the inflation front, and the release of the November Consumer Price Index (CPI) is expected to show that price increases continued to make little progress toward the Federal Reserve's 2% goal. ?
Wall Street economists expect headline inflation rose 2.7% annually in November, an increase from 2.6% in October. ?On a "core" basis, which strips out food and energy prices, CPI is expected to have risen 3.3% over November last year. This would mark the fourth month of a 3.3% reading of core CPI.
领英推荐
US Labor Costs Revised Down in Sign of Easing Inflation Pressure:?US third-quarter labor costs grew less than initially estimated after a downwardly revised decline in the prior three months, adding to evidence the job market is no longer a source of inflationary pressure.
?Unit labor costs, or what a business pays employees to produce one unit of output, increased at a 0.8% annualized rate from July through September, following a revised 1.1% decrease in the prior period, data from the Bureau of Labor Statistics showed Tuesday.
?
React Developer
2 个月Thanks for keeping us updated on the financial news. Really appreciate it!
Lead Financial Analyst
2 个月insightful