VWO - Asia and Europe Markets Rise Crude Oil Hits $75 and Gold Nears $2050 - Global Markets Today While US Was Sleeping | Benzinga
On Thursday, January 11, U.S. stock markets closed mixed, influenced by rising inflation and a strong labor market tempering expectations for early Federal Reserve rate cuts, though lower Treasury yields limited losses.
In economic data, December's U.S. consumer prices rose by 0.3% month-over-month, exceeding November's 0.1% increase and market expectations of 0.2%. The annual inflation rate reached 3.4%, surpassing November's 3.1% and the forecasted 3.2%.
Initial jobless claims in the U.S. decreased by 1,000 from the previous week to 202,000 for the week ending January 6, lower than the expected 210,000.
Most S&P 500 sectors ended lower, led by losses in utilities and real estate stocks; information technology and energy stocks defied the trend, closing higher.
The Dow Jones Industrial Average saw a slight increase of 0.04%, closing at 37,711.02. In contrast, the ...