Wall Street indexes advanced, and investors reviewed the latest quarterly results from the AI-leader Nvidia. The continuing weekly jobless claims rose to a three-year high.
Global markets turned cautious amid rising military violence between Ukraine and Russia, sparking fears of strong retaliation from Russia. Consumer inflation accelerated in the U.K. The Japanese yen resumed its slide. China indexes traded down as corporate earnings underwhelmed investors.
Stocks retained upward bias as investors shifted focus to key quarterly results and awaited the release of earnings from Nvidia after the close of regular trading hours.
Wall Street indexes brave higher and shake off escalating tensions between the U.S. and Russia as the Ukraine war drags on. Disruptions from hurricanes and rising inventories dampen U.S. housing starts in October.
Wall Street indexes lacked direction in early trading on Monday as investors awaited the release of earnings from Nvidia, Palo Alto Networks, Walmart, Lowe's, and TJX.
Stocks headed lower on the final day of the week as investors reassessed the post-election gains over the last two weeks. Retail sales advanced in October, but consumers struggled to pay bills amid rising costs of living.
Investors bid up U.S. stocks in anticipation of faster economic growth despite the prospects of a higher federal deficit and resurgent inflation under a wider and tougher trade tariff regime under the next U.S. administration.
Trump trades dominated early trading on Wall Street as investors shifted allocation ahead of the new administration's policy on trade, the federal government's spending priorities, and the reigniting of inflation.
Vice President Kamala Harris and former President Donald Trump avoided debating the serious issues confronting the U.S. economy: rapidly rising national debt, growing income inequality, and deteriorating international competitiveness.
Wall Street indexes traded higher as investors reviewed the latest batch of corporate results. Investors also awaited the results of U.S. presidential and congressional elections and the U.S. Federal Reserve's rate decisions later in the week.
U.S. major averages were in a holding pattern ahead of the presidential and congressional elections. Crude oil prices rebounded after the OPEC+ decided to delay the increase in output by a month. Asian markets reacted to local corporate earnings and declines in Friday's trading in New York.
