The Week Ahead.

U.S. stocks finished higher on Monday as investors awaited inflation data and commentary from Fed speakers. ?

?? DJIA +0.69%, S&P 500 +0.10%, NASDAQ +0.06%

Stocks traded mixed on Monday. The Dow Jones extended its rally, and tech shares retreated. Meanwhile, the U.S. Treasury market was closed in observance of the Veterans Day holiday.

There were no major economic updates on Monday, but traders looked ahead to Wednesday's Consumer Price Index (CPI). The inflation gauge will be released a week after the U.S. Federal Reserve cut interest rates by a quarter percentage point.

In addition, traders will hear from Fed officials throughout the week and follow updates on President-elect Donald Trump's cabinet appointments.? ??

Trading on Monday:

• The S&P 500 closed above 6,000 for the first time.
• NYMEX WTI crude oil fell 3.32%, settling at $68.04 a barrel.
• COMEX Gold settled 2.84% lower at $2611.20 t oz.
• The U.S. dollar strengthened, and Bitcoin surged to new highs. ?

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Looking Ahead

Stocks generally moved higher, despite tech shares lagging, as investors were optimistic over last week's election results and a Fed rate cut.

Inflation gauges and commentary from Fed officials will be in focus as traders aim to assess the Fed's progress on inflation while better understanding the central bank's rate-cutting cycle.

Given these latest developments, we expected sentiment in financial markets to remain positive.

Thank You to our Veterans for their service, Happy Veterans Day!

?? Last Week’s Chart

Source: Wells Fargo Investment Institute, “Looking Ahead,” November 8, 2024.

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MCF Capital Management, LLC is an independent, family-run, financial advisory firm that manages investment portfolios for individuals and businesses through Quantitative Market Data Analysis.

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THIS ARTICLE IS FOR INFORMATIONAL PURPOSES ONLY AND IS NOT INVESTMENT ADVICE.?

???SOURCES:?LSEG Workspace, Dow Jones NewsPlus, MarketWatch, Wall Street Journal, Barron’s, FinancialJuice, Investing .com, CNBC, Reuters, Wells Fargo Investment Institute, TradingView, Zacks

Image: Monday’s Intraday Chart (1 Minute), Source: TradingView via LSEG Workspace