US stocks mixed to kick off busy week of inflation, Fed meeting
Consumer, producer inflation figures to be released before conclusion of Fed's final meeting of year
ISTANBUL
US stocks opened Monday mixed as exchanges kicked off a busy week filled with inflation figures and the Federal Reserve's last 2023 meeting.
The Dow Jones was up 71 points, or 0.2%, to 36,319 at 9.38 a.m. EDT. The S&P 500, however, was flat by trimming just one point, or 0.01%, to 4,604.
The Nasdaq, on the other hand, decreased 33 points, or 0.23%, to 14,370.
US consumer and producer inflation figures will be released before market opening on Tuesday and Wednesday, respectively, while the Fed's last two-day meeting of 2023 will conclude on Wednesday at 2.00 p.m. EDT.
The central bank is widely expected to hold its benchmark interest rate unchanged at the 5.25%-5.5% target range – the highest in 22 years.
The VIX volatility index, also known as the fear index, jumped 5.3 % to 13.01 at the time. The 10-year US Treasury yield rose 0.45% to 4.266%.
The dollar index increased 0.16% to 104.18, while the euro shed 0.05% to $1.0756 against the greenback.
Precious metals were in negative territory, with gold losing 0.7% to $1,989 per ounce and silver trimming 0.5% to $22.89.
Oil prices lost around 0.1%, with global benchmark Brent crude at $75.78 per barrel and US benchmark West Texas Intermediate crude at $71.22.
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