FOX Business host Charles Payne gives insight into stock market volatility on “Making Money.”
US markets will be closed on Monday to mark the Christmas holiday.
There will be no trading in stocks or government securities as is stock and bond markets will be closed.
Futures markets for stocks, metals and energy will also be closed.
Futures will resume trading on Monday at 6:00 PM ET.
FED’S PREFERRED INFLATION GAUGE COOLED IN NOVEMBER
Wall Street at Christmas (FBN/Fox News)
Wall Street is over with big gains for stocks on Friday, but it wasn’t enough to keep the major indexes from a third straight weekly loss.
| Ticker | Security | last | change | Change % |
|---|---|---|---|---|
| Me: DJI | AVERAGE INFORMATION ABOUT THE DOW JONES | 33203.93 | +176.44 | +0.53% |
| SP500 | S&P 500 | 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 and closed 0.6% higher. With one week of trading left 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 PREFERRED INFLATION GAUGE COOLED IN NOVEMBER
A man shops at a supermarket in New York on December 14, 2022. (Uki Iwamura/AFP/Getty Images)
A Commerce Department report showed U.S. consumer spending barely rose in November as inflation cooled further.
Personal Consumption Expenditure (PCE) the price index, the Fed’s preferred gauge of inflation, rose 0.1% last month after rising 0.4% in October.
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A benchmark survey showed US consumers expect price pressures to ease significantly next year, with the forecast for one-year inflation falling to an 18-month low in December.
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