Global stocks to extend gains. The PCE Price Index, The Fed's favorite inflation rate, shows annual core inflation slightly weaker than expected but still increasing inflationary pressures. Besides, personal spending recovered better than expected.
Domestic stocks fell as they approached the resistance at the 20-day MA around 1,040 points. At the end of the third quarter financial reporting season, steel is one of the disappointing industry groups with a dismal profit picture and record losses.
- Domestic and international news
- A look back at the rumors that dominated the market
- Steel industry profit dropped in Q3 #HPG #NKG #HSG
- Technical view and recommendations #CTG #VNM
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