"U.S. markets closed the week higher, overcoming volatility from renewed U.S.-China trade tensions and rising oil prices following new U.S. sanctions on Russia's two largest oil firms. The small-cap Russell 2000 and mid-cap S&P 400 indexes outperformed major benchmarks, while within the S&P 500, technology and energy stocks led the gains. Defensive sectors such as utilities and consumer staples underperformed."
"Economic data released during the week painted a mixed but generally encouraging picture. Inflation came in slightly below expectations, offering relief to investors concerned about persistent price pressures. The latest consumer price data showed headline inflation rising to 3.0% year-over-year in September slightly up from August's 2.9%, but below economists' estimates of 3.1%. Core inflation, which excludes volatile food and energy prices, eased to 3.0%."
U.S. markets closed the week higher despite renewed U.S.-China trade tensions and rising oil prices after new U.S. sanctions on Russia's two largest oil firms. Small-cap Russell 2000 and mid-cap S&P 400 outperformed benchmarks, while technology and energy led gains within the S&P 500 and defensive sectors underperformed. Inflation came in slightly below expectations: headline CPI rose to 3.0% year-over-year in September from August's 2.9% and below economists' 3.1% estimate, while core CPI eased to 3.0%. Composite PMI climbed to 54.8, marking 33 months of expansion with services driving growth. Short-term Treasury yields rose, the 10-year slipped, and municipal bonds performed strongly.
Read at London Business News | Londonlovesbusiness.com
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