Stocks Start Busy Week Off on a High Note

November's inflation data is due out tomorrow

Laura McCandless

Deputy Editor

Dec 11, 2023 at 4:35 PM

Stocks rose across the board today, as Wall Street extended last week's gains. The Dow Jones Industrial Average (DJIA) jumped triple digits for the second session in a row, while the S&P 500 (SPX) and Nasdaq Composite (IXIC) secured their third-straight win. Investors are awaiting tomorrow's highly anticipated consumer price index (CPI) reading for November, especially ahead of the Federal Reserve's final meeting of 2023 that begins tomorrow.

Marathon Digital stock enjoying Bitcoin buzz.
Costco stock red-hot before earnings.
Plus, social media stocks hit annual highs; and three retail stocks in focus today.

Summary 1211

NYSE Nasdaq 1211

5 Things to Know Today

Microsoft (MSFT) and the AFL-CIO union struck a deal on Monday, as artificial intelligence (AI) continues to grow. (Reuters)
General Atlantic, which invested in Facebook (META) before it went public, has reportedly filed a confidential initial public offering (IPO). (Bloomberg)
See what lifted Pinterest and Snap stocks today.
Macy's receives billion-dollar buyout offer.
2 retail stocks boosted by new "buy" ratings.

There are no earnings of note today.

Oil Settles as Gold Freefalls

Fresh off seven-straight weekly losses, their longest weekly losing streak since 2018, oil prices inched higher today. West Texas Intermediate (WTI) crude for January delivery added 9 cents, or 0.1%, to settle at $71.32 a barrel.

Gold prices dropped to nearly three-week lows today, amid strength in the U.S dollar. At last glance, February-dated gold futures fell $20.80, or 1.03%, to close at 1,993.70 dollars per ounce.

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