Newscasts - Trading at Noon: Wall Street edges higher as new US jobless claims rise again
28/12/2023 17:00
Click the following link to watch video: https://share.newscasts.refinitiv.com/link?entryId=1_0245c5od&referenceId=1_0245c5od&pageId=Newscasts Source: 'Reuters - Business videos' Description: U.S. stocks rose marginally in light trading on the penultimate trading day of 2023, while the benchmark S&P 500 hovered around its all-time high on hopes of early interest rate cuts next year. The number of Americans filing initial claims for unemployment benefits rose last week, indicating the labor market continues to cool in the year's fourth quarter.Money markets have priced in an about 87% probability that policymakers will reduce the Fed funds target rate by at least 25 basis points at the conclusion of their March policy meeting, according to CME's FedWatch tool. Short Link: https://refini.tv/3vgBR0q Video Transcript: Verified transcript not available