U.S. stock indexes opened lower after the Federal Reserve's preferred measure of inflation continued to cool off in November but failed to quell expectations the central bank will continue to aggressively tighten policy in 2023. The S&P 500 SPX, -0.35% declined 0.3%, on pace to book a weekly loss of 1.
1%, while the Nasdaq Composite COMP, -0.68% shed 0.8%, losing 2.9% this week. The Dow Jones Industrial Average DJIA, -0.36% dropped 103 points, or 0.3%, to 32,939, attempting to book a weekly gain of 0.2%. The Personal Consumption Expenditures price index, or PCE, rose 5.5% in November from a year earlier and 0.1% from the previous month, the Commerce Department reported Friday.
I don’t know what type of inflation metrics are you Fucking using but I go to Costco/Walmart eggs ^$2 milk $1,3^ , cereals $2 ^ Honey $5^ water $1,29^ toilet paper $4^ Salmon $10 ^ oatmeal $4 ^ ect since March 2022 it has not come down. Prices will remain/increase
2022 was just one big dip!!!!
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: WSJ - 🏆 98. / 63 Read more »
Tesla stock has lost nearly all its gains since news of S&P 500 additionTesla has lost almost all of its gains since the announcement the stock would join the S&P 500 index 2 years ago All he has to do to get it back in good shape is to start talking about how free speech isn't absolute, the necessity of gender affirming care, and how Trump voters need to be put on terror watchlists. Ukrainian flag and BLM fistpump in the bio wouldn't hurt, either. 😃 Thanks Elon! Such a mastermind and genius 🤡😂 What a swell CEO.😵💫😵😵💫🥴
Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: WSJ - 🏆 98. / 63 Read more »
Source: CNBC - 🏆 12. / 72 Read more »