Morning Commentary: US Markets End Lower as Higher than expected Inflation Revives Fed Rate-Hike Bets
MUMBAI, 11 NOVEMBER: After Monday’s sharp rally, US equities closed lower yesterday as hotter-than-expected October inflation data and hawkish Federal Reserve commentary reinforced expectations of a December rate hike. The Dow Jones Industrial Average declined 158 points, or 0.3%, to 52,232, while the S&P 500 slipped 29 points, or 0.4%, to 7,521. The Nasdaq Composite…
