U.S. stocks ended higher on Monday as investors focused on Tuesday's midterm elections that will determine control of Congress Elections2022
Focus this week will also be on U.S. consumer prices data for October, due out on Thursday, for clues about how much the U.S. Federal Reserve's rapid interest rate hikes are helping cool down the economy.a smaller rate hike at their next policy meeting, despite new data showing another month of robust job gains and only small signs of progress in lowering inflation.about whether the Fed will raise interest rates by 50 basis points or 75 basis points at the U.S.
"All else equal, whether the terminal rate sits at 4.5%, 5% or beyond, monetary policy is poised to have a negative effect on the economy heading into 2023," Glenmede's investment strategists wrote in a note on Monday.Traders work on the floor of the New York Stock Exchange in New York City, U.S., November 7, 2022. REUTERS/Brendan McDermidThe Nasdaq gained 0.85% to 10,564.52 points, while the Dow Jones Industrial Average rose 1.31% to 32,827.00 points.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
OCTA buses to resume service on Monday through Tuesday even without a contractDue to the upcoming election, the buses in Orange County will be in service again.
Read more »
Thunderstorms, small hail and more rain on SF Bay Area forecast“Another system produces widespread and heavy rainfall Monday night into Tuesday morning, which could wreak some havoc on the morning commute Tuesday,' a meteorologist with the National Weather Service said.
Read more »
Incoming Southern California rain to be most significant storm since last DecemberThe heaviest rain is expected Monday night into Tuesday.
Read more »
Apple, Meta and Wells Fargo are in the news. Here's what we think of the developmentsThree of our Club stocks — Apple (AAPL), Meta Platforms (META) and Wells Fargo (WFC) — were in the news Monday.
Read more »
Meta Plans to Lay Off Thousands of Workers This WeekMeta, the parent company of Instagram and Facebook, is planning to begin layoffs that will affect thousands of workers this week.
Read more »
Meta to lay off thousands this week, WSJ saysThe layoffs come as Meta struggles with growing losses and as it invests heavily in developing its metaverse business.
Read more »