(Reuters) – The New York Stock Exchange opened on a hesitant note on Monday as investors await the release of CPI inflation data on Wednesday, which could be a key data point ahead of the Federal Reserve’s (Fed) meeting in this month.
In early trading, the Dow Jones index was stable (0.01%) at 44,646.50 points and the broader Standard & Poor’s 500 fell 0.11% to 6,083.30 points.
The Nasdaq Composite lost 0.03% to 19,853.167 points.
US stock markets move mixed on Monday after the S&P 500 and Nasdaq hit closing records on Friday, thanks to optimistic company forecasts and as investors await the US inflation report for November on Wednesday .
This is one of the last important data before the Fed meeting on December 17-18, and could influence the US central bank’s monetary policy decisions.
Bets on a 25 basis point rate cut in December soared to more than 87% as data showed employment rose more than expected in the United States in November. This figure testifies to the economic health of the country, while the unemployment rate, which recorded a slight increase, reassures operators in the idea that there will indeed be an easing this month.
Bets on a 25 basis point rate cut in December soared to more than 87% as data showed U.S. employment rose more than expected in November, a sign of the country’s economic health, while the unemployment rate, which increased slightly, reassures operators about the easing scenario this month.
Last week, several Fed officials, including Chairman Jerome Powell, said the central bank could afford to be more cautious in its monetary easing policy, given the resilience of the economy.
In terms of values, Interpublic shares rose 10% after the communications and marketing group Omnicom announced its acquisition in a transaction estimated at $13.25 billion (€12.55 billion). Omnicom, on the other hand, lost 6.9% at the opening.
Nvidia falls 2.5% after the State Administration for Market Regulation (SAMR), the regulator responsible for monitoring markets in China, announced on Monday that it had launched an investigation into Nvidia for alleged violations of the law anti-monopoly.
(Written by Diana Mandiá, edited by Augustin Turpin)
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