Report on Consumer Confidence Buoys Wall Street (Newser)

    3
    0

    Report on Consumer Confidence Buoys Wall Street – By Newser Editors and Wire Services (Newser) / Nov 28, 2023

    Member of Fed board of governors ‘increasingly confident’ about hitting inflation target

    Stocks drifted to a mostly higher close Tuesday following a strong report on consumer confidence and growing hopes that the Federal Reserve is finished with its aggressive interest rate hikes.

    • The S&P 500 rose 4.46 points, or 0.1%, to 4,554.89.
    • The Dow Jones Industrial Average rose 83.51 points, or 0.2%, to 35,416.98.
    • The Nasdaq composite climbed 40.73 points, or 0.3%, to 14,281.76 ..

    Treasury yields fell after Christopher Waller, a member of the Federal Reserve’s Board of Governors, said he was ‘increasingly confident’ that the Fed could get inflation back down to its 2% target.

    CONTINUE > https://www.newser.com/story/343203/stocks-inch-higher-after-report-on-consumer-confidence.html

    [pro_ad_display_adzone id="404"]

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here