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By Staff Reporters
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U.S. equities finished higher, but well off the highs of the day, as some caution may have set in ahead of the results of today’s midterm elections. The economic docket was relatively light, with the most notable report being the Small Business Optimism Index, which declined in line with expectations versus the prior month.
However, later this week, we will get a key read on October’s Consumer Price Inflation (CPI), along with commentary from FOMC officials after last week’s rate hike. Treasury yields were lower, and the U.S. dollar lost ground, while crude oil prices fell, and gold jumped.
Earnings reports offered varied results, as Lyft posted a larger-than-expected loss, while Activision Blizzard and DuPont beat earnings estimates, with the latter announcing a new share repurchase program. Asian stocks ended mixed ahead of a busy conclusion to the week, while European stocks were higher, as the international markets grapple with economic data and recent monetary policy actions.
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BUSINESS MEDICINE: https://www.routledge.com/Comprehensive-Financial-Planning-Strategies-for-Doctors-and-Advisors-Best/Marcinko-Hetico/p/book/9781482240283
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