Dow rises more than 100 points, energy stocks fall against the market | RYT9

The Dow Jones Industrial Average rose more than 100 points ahead of the release of tonight’s Federal Open Market Committee (FOMC) meeting minutes.

Wall Street will be closed tomorrow for Thanksgiving. And there will only be half a day of trading on Friday.

As of 9:58 pm Thai time, the Dow Jones Industrial Average was 34,203.0 points, plus 104.90 points or 0.31%.

However, energy stocks fell against the market. Following a fall in oil prices It has been reported that The group of 7 leading industrial countries or the G7 is preparing to set a ceiling on Russian oil prices in the range of 65-70 dollars / barrel.

The G7, along with the European Union (EU) and Australia, are set to impose the cap on Russian oil on December 5 as a punitive measure for Russia’s military invasion of Ukraine on February 24. 24. When is published, it will make shipping companies, insurance companies and reinsurance companies It cannot provide any services related to the transport of Russian oil shipments above the ceiling set by the G7 and its partners.

Markets await the minutes of the Fed meeting tonight to give an indication of the direction of Fed interest rates.

In addition, investors keep an eye on the performance of listed companies. as well as statements from Fed officials regarding the direction of US interest rates.

The Fed raised interest rates by 0.75% to a range of 3.75-4.00% at its November meeting. while investors expect the Fed will raise interest rates by 0.50% at its December 13-14 meeting.

Regarding the release of US economic numbers today, the Labor Department reported that initial claims for unemployment benefits rose by 17,000 to a seasonally adjusted 240,000 last week. That was above analysts’ expectations of 225,000.

The US Commerce Department said orders for US durable goods, such as aircraft, cars and large machinery with a life expectancy of three years or more, rose 1.0% in October after rising 0.3% in September.

Durable goods orders were driven by orders for cars and aircraft.

purchase of basic durable goods This is a capital goods order excluding aircraft. and weapons products An indicator of business spending plans, it rose 0.7% in October after falling 0.8% in September.


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