U.S. stocks open lower with S&P 500, Nasdaq heading to third straight week of losses after PCE data

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!!!!

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