Stocks rally after inflation data but close lower for the week

NEW YORK -U.S. stocks rallied to close out the trading week on Friday after two lackluster sessions as a cooler-than-expected inflation report and comments from Federal Reserve officials eased worries about the path of interest rates.Expenditure index showed a 2.4% rise in November on an annual basis, just below the 2.5% estimate of economists polled by Reuters.

Also providing support were comments from Fed officials, with some acknowledging they were starting to factor in fiscal policy uncertainty, such as tariffs, in their outlooks. Each of the 11 major S&P sectors advanced in the broad-based rally, led by a gain of 1.8% in real estate and buoyed by a drop in Treasury yields.Markets were also monitoring the U.S. Congress as it scrambled to avert a partial government shutdown before a midnight deadline. Republican leaders in the U.S. House of Representatives said they would vote on Friday to keep the federal government operating.

Friday's session also marks the simultaneous expiry of quarterly derivatives contracts tied to stocks, index options and futures, also known as"triple witching," which boosted trading activity.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Wall Street stocks end lower after inflation data, tech stocks push Nasdaq downWall Street stocks end lower after inflation data, tech stocks push Nasdaq down
Источник: Investingcom - 🏆 450. / 53 Прочитайте больше »

CNBC Daily Open: U.S. stocks start December chilly; Korea stocks tumble on political chaosDecember may have triggered the thawing of Mariah Carey, but stocks are beginning the month chilly, though unlikely they’ll remain in permafrost this…
Источник: NBCNewYork - 🏆 270. / 63 Прочитайте больше »

China chip stocks rally on report of less strict US export sanctionsChina chip stocks rally on report of less strict US export sanctions
Источник: Investingcom - 🏆 450. / 53 Прочитайте больше »

Stocks Gain in Post-Election Rally, Bitcoin's Development Company SoarsStocks saw gains over the week and month following Donald Trump's victory, with the Dow and key indices performing well. Bitcoin's development company saw significant stock gains, while gold and silver faced their worst months.
Источник: NBCPhiladelphia - 🏆 569. / 51 Прочитайте больше »

Investing.com poll: Will a Santa Claus rally push stocks higher into year-end?Investing.com poll: Will a Santa Claus rally push stocks higher into year-end?
Источник: Investingcom - 🏆 450. / 53 Прочитайте больше »

Retail Stocks Soar Into the Holidays as Gap Leads Wall Street RallyGap led retail stocks higher on Friday as investors warmed to the sector after seeing some third-quarter retail reports.
Источник: wwd - 🏆 24. / 68 Прочитайте больше »