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By Staff Reporters
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U.S. stocks were mixed as the markets came off the highest levels of the day. While this week will begin somewhat light, we will get the start of December’s inflation picture, courtesy of the Consumer Price Index, as well as the start of Q4 earnings season.
Equity news offered varying results, as Lululemon Athletica and Macy’s provided Q4 guidance that disappointed the Street, while shares of Duck Creek Technologies soared after the company agreed to be acquired by Vista Equity Partners for about $2.6 billion.
Treasury yields were lower, and the U.S. dollar dropped, while crude oil prices rose, along with gold. The economic front was quiet today, with the only report being a read on consumer credit, which came in below expectations.
Asian stocks increased, though Japanese markets were closed for a holiday, and markets in Europe were mostly higher. The global markets were boosted by optimism regarding the continued reopening of China and as investors awaited this week’s U.S. inflation data.
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CITE: https://www.r2library.com/Resource/Title/082610254
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Filed under: Alerts Sign-Up, Alternative Investments, Financial Planning, Investing | Tagged: Asian stocks, CPI, rally, stocks, stocks can't extend rally |
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