[뉴욕증시] Mixed mood ahead of November employment data release… Dow 0.56% ↓ By MoneyS

[뉴욕증시] Mixed mood ahead of November employment data release… Dow 0.56% ↓

The New York stock market closed mixed ahead of the release of the Federal Reserve’s November employment report.

On the New York Stock Exchange (NYSE) on this day, the Dow Jones Industrial Average finished 30 trading at 34,395.01, down 194.76 points (0.56%) from the battlefield. The S&P 500 index, which focuses on large caps, closed at 4076.57, down 3.54 points (0.09%). On the other hand, the Nasdaq index, which focuses on technology stocks, closed at 11,482.45, up 14.45 points (0.13%).

On this day, investors digested Jerome Powell’s comments from the previous day, keeping an eye on key economic indicators such as the Fed’s discretionary price index, the Personal Consumption Expenditure (PCE) price index, as well as movements in government bond yields.

According to the US Department of Commerce, the Personal Consumption Expenditure (PCE) index rose 0.3% in October from the previous month and 6% from the previous year. The monthly increase was the same as in September, and the annual increase of 6.3% in September was moderated. Core PCE, excluding food and energy, rose 0.2% month-on-month. The previous month’s rate of increase was 0.5%, and the forecast was 0.3%. Compared to the previous year, it increased by 5%. The previous month and the forecast was 5.2%.

Core PCE is the Fed’s preferred inflation indicator for monitoring inflation trends. In particular, these figures are in an environment that raises market expectations for a peak in inflation after the increase in the consumer price index (CPI) in October was reduced to the 7% range.

Today’s PCE index is a Goldilocks report that core inflation continues to ease,” said Chris Zaccarelli, chief investment officer of the Independent Advisor Alliance. “I think the stock market will go up,” he said.

Weekly jobless claims fell by 16,000 to 225,000, more than the 5,000 drop expected by the Wall Street Journal (WSJ). Fewer new jobless claims mean fewer unavoidable job losses.

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