Market Updates
Stocks Lack Direction On Wall Street, Bond Yields In Focus On Rate Expectations
Barry Adams
14 Nov, 2022
New York City
Stocks on Wall Street lacked direction after 3 hours of trading and investors looked ahead to corporate earnings.
Over the weekend, Democratic Party won one more U.S. Senate seat, retaining control of the upper chamber of the Congress.
Democrats hold 50 seats and Republicans control 49 seats in the U.S. Senate, Georgia results will be decided after a runoff in December.
The Republican Party is expected to win the control of the U.S. House but results of 19 elections are still not decided six days after the election.
Former President is set to declare his intention to run for the presidential election in 2024 on Tuesday, despite several Trump-backed high-profile election deniers losing competitive races in the midterm elections.
The S&P 500 index fell 0.2% to 3,984.38 and the Nasdaq Composite index traded lower 0.6% to 11,254.94.
Crude oil declined $2.35 to $86.56 a barrel and natural gas rose 44 cents to $6.33 a thermal unit.
Investors took note of latest comments from Federal Reserve Vice Chair Lael Brainard, indicating that rate hike may "soon" begin to slow after several -large hikes this year.
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Earnings
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