- US stocks trade mixed on Monday ahead of a jam-packed week filled with central bank meetings and economic data.
- The Federal Reserve, Bank of England, and European Central Bank are all set to meet this week.
- Investors will get a fresh set of inflation data on Tuesday with the November CPI report.
US stocks traded mixed on Monday as investors get ready for a jam-packed week of economic data and central bank meetings.
Investors will get a fresh set of inflation data on Tuesday with the release of the November consumer price index. That will be followed up by the producer price index on Wednesday. The data should help inform the Federal Reserve as policymakers continue to weigh what to do with interest rates, though expectations are that they will keep rates unchanged.
The Fed is set to meet on Tuesday and Wednesday of this week, with the central bank making an interest rate decision on Wednesday, to be followed by a briefing from Chairman Jerome Powell.
Meanwhile, the Bank of England and the European Central Bank are also set to meet later this week, and both are also widely expected to keep interest rates unchanged.
Here's where US indexes stood shortly after the 9:30 a.m. opening bell on Monday:
- S&P 500: 4,598.12, down 0.14%
- Dow Jones Industrial Average: 36,330.84, up 0.23% (82.97 points)
- Nasdaq Composite: 14,342.50, down 0.43%
Here's what else is going on today:
- Russia made $11.3 billion in net oil revenues in October — more than any month in the year before the Ukraine war.
- Jeffrey Gundlach said bonds look better than stocks heading into 2024, and that home prices could fall as mortgage rates decline.
- Argentina's newly elected president Javier Milei warned his country to prepare for a painful fiscal shock as he seeks to rein in sky-high inflation and avoid another recession.
In commodities, bonds, and crypto:
- West Texas Intermediate crude oil dipped 0.13% to $71.14 a barrel. Brent crude, the international benchmark, fell 0.09% to $75.77 a barrel.
- Gold fell 0.38% to $2,006.90 per ounce.
- The 10-year Treasury yield rose 3 basis points to 4.26%.
- Bitcoin declined by 4.44% to $41,845.