Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 27, 2023.
Wall Street ended the Thanksgiving week on a positive note, with the major indexes notching up their fourth consecutive week of gains on growing optimism that the Federal Reserve was likely done hiking interest rates.
ET, Dow e-minis were down 48 points, or 0.14%, S&P 500 e-minis were down 7 points, or 0.15%, and Nasdaq 100 e-minis were down 23.75 points, or 0.15%.
The personal consumption expenditure index data for October - the Fed's preferred inflation gauge - is slated to be released on Thursday.
Reporting by Shristi Achar A and Shashwat Chauhan in Bengaluru; Editing by Saumyadeb ChakrabartyOur Standards: The Thomson Reuters Trust Principles.
Persons:
Brendan McDermid, Axel Rudolph, Shristi Achar, Shashwat Chauhan, Saumyadeb
Organizations:
New York Stock Exchange, REUTERS, Dow, Nasdaq, Federal Reserve, Dow e, IG Group, Walmart, Crown, Elliott Investment Management, Reuters, GE HealthCare, UBS, Thomson
Locations:
New York City, U.S, Bengaluru