Wall Street: Wall Street closes mixed – Producer prices continue to rise
The excitement surrounding the departure of the Nvidia CEO has subsided for now, allowing monetary policy to come into sharper focus. Wholesale prices are solidifying interest rate expectations in the market.
US stock markets have largely adjusted to Nvidia CEO Jensen Huang's departure and ended the week without a clear direction. The Dow Jones index closed slightly up at 52,347 points, while the S&P 500 fell 0.4% to 7,561 points and the Nasdaq lost 0.9% to 25,136 points. US producer prices rose 0.3% in October, lower than the 0.4% economists had forecast, and 6.5% year-on-year, also slightly below expectations. The data had a muted impact on markets, as a higher inflation reading could have raised interest rate expectations.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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