Here are the most important news items investors need to start their trading day:
1. Market leftovers
U.S. stocks will have a shortened trading day on Friday as the market was closed for Thanksgiving on Thursday. Stocks fell as some investors appeared to exit their stakes in major tech companies as they entered the holidays. Still, both Dow Jones Industrial Average and S&P500 It remains below its all-time high. On Wednesday, the Fed’s 2.3% year-over-year inflation rate was in line with expectations and the central bank’s latest minutes showed it plans to cut interest rates in stages if price increases remain modest. It provided some new clues about future policy directions. Follow live market updates.
2. How are your holidays?
3. Red and Blue Christmas
4. India’s growth slows down
India’s economic expansion moderated during the second quarter of the country’s fiscal year. its economy The growth rate for the same period was 5.4%, lower than expected and the lowest level in about two years. Economists expect economic activity in the world’s most populous country to continue to slow in 2025.
5. DOGE goes to Washington
Elon Musk and Vivek Ramaswamy head the Trump administration’s so-called Department of Government Efficiency. House Speaker Mike Johnson (R-Louisiana) said lawmakers would “discuss key reform proposals to achieve deregulation, administrative reductions, and cost savings” with the two entrepreneurs. Mr. Musk and Mr. Ramaswamy have proposed massive cuts to the federal workforce and even the elimination of entire government agencies, but it remains to be seen how much influence they will have.
– CNBC’s Alex Harring, Melissa Repko, Gabrielle Fonrouge, Lim Hui Jie, Matt Clinch and Lora Kolodny contributed to this report.
