The National on Nostr: Wall Street rallies on cooler-than-expected US inflation report ========== Wall ...
Wall Street rallies on cooler-than-expected US inflation report
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Wall Street closed higher on December 21, 2024, with the Dow Jones up 1.2%, S&P 500 up 1.1%, and Nasdaq up 1%. The Personal Consumption Expenditure index rose 2.4% in November, below the 2.5% estimate. The Fed cut interest rates for the third time in 2024, starting a monetary easing cycle to prevent recession. Despite gains, major indices fell for the week, with the Dow down 2%, S&P 500 down 2.3%, and Nasdaq down 1.8%. Concerns remain over Donald Trump's potential return to the White House and his economic policies, particularly regarding tariffs. Oil prices rose slightly but recorded weekly losses, while gold increased by 1.1%.
#WallStreet #Inflation #DonaldTrump #FederalReserve #InterestRates #StockMarket #EconomicPolicy #Commodities #OilPrices #Gold
https://www.thenationalnews.com/business/markets/2024/12/21/wall-street-rallies-on-cooler-than-expected-us-inflation-report/
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Wall Street closed higher on December 21, 2024, with the Dow Jones up 1.2%, S&P 500 up 1.1%, and Nasdaq up 1%. The Personal Consumption Expenditure index rose 2.4% in November, below the 2.5% estimate. The Fed cut interest rates for the third time in 2024, starting a monetary easing cycle to prevent recession. Despite gains, major indices fell for the week, with the Dow down 2%, S&P 500 down 2.3%, and Nasdaq down 1.8%. Concerns remain over Donald Trump's potential return to the White House and his economic policies, particularly regarding tariffs. Oil prices rose slightly but recorded weekly losses, while gold increased by 1.1%.
#WallStreet #Inflation #DonaldTrump #FederalReserve #InterestRates #StockMarket #EconomicPolicy #Commodities #OilPrices #Gold
https://www.thenationalnews.com/business/markets/2024/12/21/wall-street-rallies-on-cooler-than-expected-us-inflation-report/