Wall Street Moves Slowly at December Opening

thecekodok


The US stock market started with little change on Monday at the start of December.


Investors appeared to be waiting for new economic data to guide their decisions in the year-end trading period.


This followed a strong performance in November, with major indexes such as the Dow Jones, S&P 500 and Nasdaq posting gains of between 5.7% and 7.8%.


Last week, these indexes rose between 1.1% and 1.45%, with the Dow and S&P 500 reaching record highs.


The recent gains were driven by optimism from the post-election results, with investors expressing confidence in the economic policies of President-elect Donald Trump.


The strength of the US economy and the corporate sector has also played a role in maintaining this positive momentum.


Market investors are eyeing key US manufacturing and construction spending reports due later today, along with speeches from Federal Reserve (Fed) officials Christopher Waller and John Williams.


Additionally, the labor market data set that is the focus of attention this week could set the tone for investor sentiment moving forward.

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