S&P 500 buybacks in Q3 decline 10.1% YoY

WASHINGTON (Reuters) - U.S. consumer spending barely rose in November, while annual inflation increased at its slowest pace in 13 months, but demand is probably not cooling fast enough to discourage the Federal Reserve from driving interest rates to higher levels next year.

Slowing economic activity heading into 2023 amid rising borrowing costs was also flagged by other data from the Commerce Department on Friday showing a modest gain in orders for locally manufactured capital goods last month. The U.S. central bank is trying to slow demand for everything from housing to... More

Durable good orders (Nov) -2.1%, versus -0.6% expected

December 23, 2022 8:32 AM EST

Durable good orders (Nov) -2.1%, versus -0.6% expected.

Core durable good orders +0.2%, versus +0.1% expected.... More

Core PCE (Nov) 0.2%, versus expected 0.2%

December 23, 2022 8:31 AM EST

Core PCE (Nov) 0.2%, versus expected 0.2%

... More

Outflows from equities in a week to Wednesday were largest ever - BofA

December 23, 2022 8:00 AM EST

Bank of America equity strategists led by Michael Hartnett highlighted massive outflows from equities in a week to Wednesday due to tax-related purposes.

Equity outflows were $41.9 billion, the highest-ever, according to Hartnett, in addition to $10 billion outflows from bonds. As much as $27.8 billion were outflows from passive equities, in addition to $17.2... More

S&P 500 buybacks in Q3 decline 10.1% YoY

Dow and S&P 500 go green

Stocks modestly off lows following economic data: Dow -121, S&P 500 -17, Nasdaq -105

Michigan 5-Year Inflation Expectations (Dec) 2.9%, Versus 3% Last

U.S. consumer spending, inflation rise moderately amid rate hikes

Durable good orders (Nov) -2.1%, versus -0.6% expected

Core PCE (Nov) 0.2%, versus expected 0.2%

Outflows from equities in a week to Wednesday were largest ever - BofA

Free News Feed