The stock market is showing little movement as investors approach trading on Wednesday, reflecting a cautious sentiment.
The upcoming release of the personal consumption expenditures (PCE) price index, along with new data on personal income and consumer spending, is the focus of market participants. These figures are expected to provide insights into the current economic landscape and could influence future monetary policy decisions.
The Federal Reserve's recent meeting minutes indicate a gradual approach to interest rate cuts, with officials expressing confidence in inflation and the labor market. If positive trends persist, the Fed may consider a more neutral policy stance over time.
SoftBank is set to invest an additional $1.5 billion into OpenAI through a tender offer, aligning with a recent funding round and demonstrating confidence in OpenAI's future growth potential.
Concerns over proposed tariffs on Mexican goods by President-elect Donald Trump have impacted Constellation Brands, as it imports all of its beer from Mexico. The potential implementation of a 25% tariff could significantly affect the company's cost structure and profitability.
The Thanksgiving box office is expected to achieve remarkable results, driven by highly anticipated films such as "Moana 2," "Wicked," and "Gladiator II." Industry analysts predict a strong performance, potentially leading to the best Thanksgiving box office in years.