On Wednesday, January 10th, U.S. stock markets closed on a positive note, led by a rally in major stocks, with investors cautious ahead of upcoming inflation reports and major bank earnings.
In economic data, November's U.S. wholesale inventories saw a slight decrease of 0.2% month-over-month, showing a smaller decline than the revised 0.3% decrease observed in the previous month.
Most S&P 500 sectors ended higher, led by gains in communication services and information technology sectors, while energy stocks fell.
The Dow Jones Industrial Average increased 0.45%, closing at 37,695.73. The S&P 500 was up 0.57% to 4,783.45, and the Nasdaq Composite rose 0.75%, ending the trading session at 14,969.65.
Asian ...