US stocks fall as Fed's preferred inflation gauge matches forecasts
Economic and financial news About the US Stock market situation last night, November 27: The S&P 500 index fell 0.38% to 5,998.74 points. The Nasdaq Composite index fell 0.6% to 19,060.48 points. The Dow Jones index fell 0.31% to 44,722.06 points.
The strength of the USD has decreased, the DXY index on the morning of November 28 was at 106.1 points. The yield on 10-year US Treasury bonds was at 4.26%.
The US personal consumption expenditure (PCE) index in October increased by 0.2% compared to the previous month and increased by 2.3% compared to the same month last year. The core PCE - excluding food and energy prices - increased by 0.3% compared to the previous month and increased by 2.8% compared to the same month last year.
The US economy grew at an annualized rate of 2.81 per cent in July-September thanks to strong consumer spending and surging exports, unchanged from the initial estimate of third-quarter growth. The US growth rate was 3.1 per cent in the previous quarter.
At the end of the trading session on November 27, spot gold contracts increased 0.2% to 2,635.99 USD/ounce. Gold futures contracts added 0.7% to 2,638.60 USD/ounce.
Economic and financial news about silver contract price January 2025 futures fell 0.9% to $30,283/troy ounce. In contrast, January 2025 platinum futures rose 0.2% to $931.8/troy ounce. January 2025 copper futures rose 0.5% to $4,095/pound.
Iron ore also rose as losses at Chinese steelmakers narrowed in October. Total losses at the world’s largest steel industry narrowed to 23 billion yuan in the first 10 months of the year, compared with 34 billion yuan in the nine months, according to data from the National Bureau of Statistics. The steel industry has shown signs of improvement in recent months. Strong exports and falling inventories have supported prices, while steel output continued to rise in November.
End of trading session on November 27, Brent crude futures rose 0.03% to $72.83 a barrel. WTI crude futures fell 0.07% to $68.72 a barrel.
