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All the major market averages finished higher for the week, with the S&P 500 gaining 2.5%, the Dow Jones Industrial average ending up 1.8% and the Nasdaq climbing north of 4%.
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The labor market, on the other hand, appears to be a smaller source of stress for the Fed, but Powell said it's "prepared to adjust the pace and destination" of easing as the jobs data evolves.
Associated Press Finance 1 hour ago Stock market today: Despite Oracle's drag, Wall Street drifts as it waits for inflation data. Wall Street is quiet on Tuesday, and U.S. stock indexes are drifting in the runup to the highlight of the week for the market, the latest update on inflation that’s coming on W…
The 10-year Treasury yield was unchanged as the bond market was closed in observance of Veterans Day. Bitcoin surged 8.37% to $87,160.69. Read the original article on Business Insider
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The US stock market boom has boosted the wealth of the world's billionaires to $14 trillion, UBS says. In commodities, bonds, and crypto: West Texas Intermediate crude inched lower to $68.46 a barrel.