US mostly higher ahead of consumer confidence data

Friday, 11. November 2022 15:31

Major stock exchanges on Wall Street opened the trading session on Friday mostly higher as market participants awaited the report on the country's consumer sentiment index set for release after the opening bell, while closely watching the results of the midterms. The Republic Party has gained 211 seats, according to the latest data, and is currently in the lead for the House of Representatives race, with a total of 218 seats needed to regain control of the House.

Investors also digested cooler-than-expected inflation readings that could indicate the Federal Reserve may decide to slow its interest rate hikes ahead of the December meeting.

The Dow Jones Industrial Average increased by 0.19%, however, slumped by 0.28% minutes later. The Nasdaq 100 slipped by 0.13% but moved to the green territory with pulling the index up by 6.17%. The S&P 500 rose by 0.20%, as Wynn Resorts Limited jumped by 5.33%.

The euro surged 1.01% against the American currency to change hands to $1.03018 at 9:28 am ET.

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