The Dow Jones Index achieves its highest close in nearly two months

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Monday, November 13, 2023 - 23:43
Point Trader Group

US indices closed mixed on Monday amid anticipation of US inflation data, which will help determine the course of the Federal Reserve's monetary policy and the time period for interest rates to remain high.

Economists expect a headline increase of 3.3% for October, down from 3.7% in September. But core prices are expected to remain unchanged from the previous month.

Moody's on Friday lowered the US outlook from "stable" to "negative," citing large fiscal deficits and low debt sustainability.

The Dow Jones Index rose by about 0.2%, equivalent to 55 points, recording its highest close in about two months, mainly supported by Boeing stock.

While the S&P 500 index fell by about 0.1%, and the Nasdaq Composite Index fell 0.22% from its highest levels in two months, under pressure from losses in Apple and Microsoft shares.


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