A gauge of global stocks dipped for a second straight session and U.S. Treasury yields were slightly lower in choppy trading as investors digested the latest U.S. inflation data and the path of interest rates from the Federal Reserve.
The Labor Department said the consumer price index (CPI) rose 0.2% for the fourth straight month, in-line with expectations of economists polled by Reuters. In the 12 months through October, the CPI advanced 2.6%, also matching forecasts, after climbing 2.4% in September.
Treasury yields fell after the data, but reversed course somewhat to once again put pressure on equities.
The Dow Jones Industrial Average, rose 10.27 points, or 0.02%, to 43,921.25, the S&P 500, fell 7.10 points, or 0.12%, to 5,976.89 and the Nasdaq Composite, fell 56.20 points, or 0.29%, to 19,225.20.
Investors have flocked towards assets expected to benefit from Trump policies for his second term in office, after he pledged to impose high tariffs on imports from key trading partners, as well as lower taxes and loosen government regulations.
Source : Reuters
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