Markets and the Christmas holiday

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

Christmas Tree on Wall Street.

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

Woman in a grocery store

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.