S&P 500 Edges Higher, Building on November Gains

The broad U.S. stock index is on pace to end November with its best monthly performance since July 2022. 


 
Fed's Waller says economy may be slowing enough to tame inflation. Bowman still thinks higher interest rates are needed.

A pair of Federal Reserve governors said recent signs of a slowdown in the economy could help return inflation to the central bank's 2% target, but they appeared split on whether interest rates are high enough to do the job. 


 
A record number of customers shopped during Thanksgiving weekend - but spent less on holiday items

A record number of people showed up in stores or online to spend money over the Thanksgiving holiday, but their spending ticked lower, according to the National Retail Federation. 


 
Consumer confidence partly recovers after falling to 15-month low

Consumer confidence rebounded in November from a 15-month low but worries about a recession persisted, a new survey showed. 


 
Home Prices Hit Fresh Record in September

The S&P CoreLogic Case-Shiller National Home Price Index, which measures home prices across the nation, rose 3.9% from a year earlier in September. 


 
Washington warily eyes the death of the Chinese economic 'juggernaut'

The Chinese economy faces stiff headwinds including a slumping housing sector, heavy government debt loads and rising unemployment, and U.S. policymakers are taking notice. 


 
PBOC Governor Calls for New Growth Drivers to Transform China's Economy

China's central bank governor highlighted the need to nurture new growth drivers, warning against continuing to rely on infrastructure and real-estate sectors. 


 
The Clearest Sign of India's Very Good Year

Currencies around the world have weakened against the dollar, but the rupee has held strong, as virtually everything has gone right for India. 


 
Black Friday online spending reaches record levels; Wall Street is not impressed

Online spending on Black Friday reached record levels, and Cyber Monday is expected to be the biggest online shopping day ever, as inflation-fatigued shoppers zero on in the biggest holiday discounts. 


 
The Stocks That AI Mania Left Behind

Value stocks looked like they were making a comeback-until AI madness happened.


(END) Dow Jones Newswires

11-28-23 1915ET