On Tuesday, November 14th, the U.S. stock markets closed sharply higher, driven by inflation data that was milder than anticipated, bolstering beliefs that the Federal Reserve might have finished increasing interest rates.
In economic data, the U.S. annual inflation rate slowed to 3.2%, down from 3.7% in September and August, slightly below the market forecast of 3.3%.
On Monday, November 13th, the U.S. stock markets closed mixed as investors awaited key inflation data that might shed light on the duration of the U.S. Federal Reserve's high-interest rate policy.
In the 11 key sectors of the S&P 500, energy emerged as the top performer, while utilities experienced the largest decline.
In the industrial centers of Ford Motor Co (NYSE: F) in Louisville and Kentucky, a split in voting outcomes has reportedly emerged among the workforce on the proposed labor agreements.