Markets and the Christmas holiday

US markets will take a break on Monday to observe the Christmas holidays.

There will be no trading in stocks or treasury bills because the equity and bond markets will be closed.

Futures markets for equities, metals and energy will also be closed.

Futures contracts will resume trading Monday at 6 p.m. ET.

FED’S FAVORITE INFLATION GAUGE COOLS IN NOVEMBER

Wall Street at Christmas (FBN/Fox News)

End of Wall Street with broad gains for stocks on Friday, but that wasn’t enough to prevent the major indices from a third straight weekly loss.

Teleprinter Security Last Change Change %
Me: DJI DOW JONES AVERAGES 33203.93 +176.44 +0.53%
SP500 S&P500 3844.82 +22.43 +0.59%
I: COMP NASDAQ COMPOSITE INDEX 10497.862896 +21.74 +0.21%

The S&P 500 reversed a 0.7% loss to close 0.6% higher. At one trading week in 2022, the benchmark is down 19.3% for the year.

The Dow Jones Industrial Average rose 0.5% and the Nasdaq composite gained 0.2%.

FED’S FAVORITE INFLATION GAUGE COOLS IN NOVEMBER

Woman at the grocery store

A person shops at a supermarket in New York on December 14, 2022. (Uki Iwamura/AFP/Getty Images)

A Commerce Department report showed consumer spending in the United States barely rose in November, while inflation slowed further.

Personal consumption expenditure (PCE) The price index, the Fed’s favorite gauge of inflation, rose 0.1% last month after rising 0.4% in October.

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A benchmark survey showed that US consumers expect price pressures to ease significantly next year, with the one-year inflation outlook falling to an 18-month low in December.

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