FOX Business host Charles Payne offers insight into the volatility of the stock market on “Making Money.”
Markets in the United States will be off Monday to celebrate the Christmas holiday.
There will be no trading in shares or treasury bonds as the stock and bond markets will be closed.
Futures markets in equities, metals and energy will also be closed.
Futures contracts will start trading again on Monday at 6 PM ET.
The Fed’s preferred inflation measure cooled in November
Wall Street at Christmas (FBN/Fox News)
Wall Street ended with broad gains for stocks on Friday, but it wasn’t enough to keep major indexes from a third consecutive weekly loss.
| tape | protection | the last | changes | changes % |
|---|---|---|---|---|
| Me: DJI | Dow Jones averages | 33,203.93 | +176.44 | +0.53% |
| SP500 | Standard & Poor’s 500 | 3844.82 | +22.43 | +0.59% |
| Me: COMP | Nasdaq Composite Index | 10497.862896 | +21.74 | +0.21% |
The S&P 500 reversed a loss of 0.7%, to close up 0.6%. With one week left to trade in 2022, the benchmark is down 19.3% for the year.
The Dow Jones Industrial Average rose 0.5%, and the Nasdaq Composite Index gained 0.2%.
The Fed’s preferred inflation measure cooled in November
A person shops at a supermarket in New York City on December 14, 2022. (Aoki Iwamura/AFP/Getty Images)
A report from the Commerce Department showed that US consumer spending barely rose in November, while inflation slowed further.
The personal consumption expenditures (PCE) price index, the Fed’s preferred measure of inflation, rose 0.1% last month after rising 0.4% in October.
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A benchmark survey showed that US consumers expect price pressures to ease significantly next year, with one-year inflation expectations falling to an 18-month low in December.