Evening Market Recap - Tuesday, 05-Nov
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US equities were higher in Tuesday trading as stocks ended near best levels. Upside tabbed to latest data that offered softer/no-landing support, with ISM services showing improvements in both employment and inflation metrics. October ISM services beat, highest since Jul-22. New orders decelerated, but employment back in expansion territory and prices index continued to slow.
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US equities finished mixed in Wednesday trading, ending off best levels after an uneventful afternoon, with the Dow Jones and S&P500 closing up 11bps, and 2bps, while the Nasdaq closed down 26bps. Big headline today was October's in-line core CPI print in contrast to some fears for a hotter...
Published 11/13/24
Published 11/13/24
US equities ended lower in Tuesday trading, though off worst levels. No one specific factor at work, though renewed bond yield backup getting some attention. NFIB small business sentiment ticked up by 2.2 points to 93.7 in October.
Published 11/12/24
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