- U.S. stock markets closed for Thanksgiving Day: The New York Stock Exchange (NYSE) and Nasdaq will be closed on Thursday, November 23, in observance of Thanksgiving Day. The markets will reopen on Friday, November 24, at 9:30 a.m. ET.
- European stocks mixed as investors weigh economic concerns: European stocks were mixed on Wednesday as investors weighed concerns about a potential recession against hopes for a slowdown in interest rate hikes from the Federal Reserve. The Stoxx Europe 600 Index closed up 0.2%, while the German DAX Index fell 0.1%.
- Asian stocks mostly lower as investors await Fed minutes: Asian stocks were mostly lower on Wednesday as investors awaited the release of minutes from the Federal Reserve's latest policy meeting. The minutes could provide clues about the central bank's plans for future interest rate hikes.
- Oil prices fall as demand concerns weigh: Oil prices fell on Wednesday as concerns about a potential recession weighed on demand expectations. Brent crude oil futures settled down 1.2% at $82.49 per barrel, while West Texas Intermediate (WTI) crude oil futures fell 1.1% to $78.22 per barrel.
- Gold prices rise as dollar weakens: Gold prices rose on Wednesday as the dollar weakened. The dollar index, which measures the greenback against a basket of six major currencies, fell 0.3%. Gold futures for December delivery settled up 0.6% at $1,764.90 per ounce.
USA Stock News for November 23, 2023
- U.S. stock markets closed for Thanksgiving Day: The New York Stock Exchange (NYSE) and Nasdaq will be closed on Thursday, November 23, in observance of Thanksgiving Day. The markets will reopen on Friday, November 24, at 9:30 a.m. ET.
- S&P 500 ends higher amid optimism over Fed rate hikes: The S&P 500 ended higher on Wednesday amid optimism that the Federal Reserve may not hike interest rates further and that the economy is still resilient. The index rose 0.41% to 4,556.62.
- Dow Jones Industrial Average rises 0.53%: The Dow Jones Industrial Average rose 0.53% on Wednesday to 35,273.03.
- Nasdaq Composite ends 0.46% higher: The Nasdaq Composite ended 0.46% higher on Wednesday to 14,265.86.
- U.S. economy expected to slow in 2023: The U.S. economy is expected to slow in 2023 as the effects of the Federal Reserve's interest rate hikes take hold. The Congressional Budget Office (CBO) expects the economy to grow by just 1.2% in 2023, down from 2.9% in 2022.
- Eurozone economy expected to grow by 0.3% in 2023: The eurozone economy is expected to grow by just 0.3% in 2023, according to the European Commission. The slowdown is due to a number of factors, including the war in Ukraine, rising energy prices, and supply chain disruptions.
- Chinese economy expected to grow by 3.9% in 2023: The Chinese economy is expected to grow by 3.9% in 2023, according to the International Monetary Fund (IMF). The slowdown is due to a number of factors, including a slowdown in the global economy, a real estate slump, and COVID-19 lockdowns.
Concise Financial Report for November 23, 2023
- Global stocks mixed as investors weigh economic concerns.
- U.S. stock markets closed for Thanksgiving Day.
- U.S. economy expected to slow in 2023.
- Eurozone economy expected to grow by 0.3% in 2023.
- Chinese economy expected to grow by 3.9% in 2023.
News Written by Dr Edward N Maltass of THE EViROCKS.
