Description
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 number. Report improved market-based odds for a 25bp cut in December with Fedwatch noting just an ~18% chance of a pause, down from 41% yesterday. Multiple media outlets projected GOP will retain majority in the House, though several races remain uncalled.
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
US equities closed higher in fairly uneventful Monday trading, hovering around the unchanged mark after a bit of morning strength. As expected, it was a quiet session given the federal holiday, sparse earnings, no economic releases, and quiet Fedspeak – all factors which will ramp up later this...
Published 11/11/24