- The major Wall Street indices are trading mixed on Friday.
- Financial stocks post modest gains on rising US Treasury yields.
- The S&P 500 Consumer Discretionary Index is down more than 1%.
The main stock indices They started on the last trading day of the month with a mixed tone. At time of writing, the S&P 500 Index was down 0.35% on the day to 4,580, the Dow Jones Industrial Average was up 0.15% to 35,776 and the Nasdaq Composite was down 0.55% to 15,360.
Among the top 11 sectors in the S&P 500, the consumer discretionary index is losing more than 1% as the biggest decline after the opening bell. On the other hand, the financial index is trading in positive territory supported by an increase of more than 1% seen in the yield of the US Treasury bonds to 10 years.
Hours earlier, US data showed that the price index for core personal consumption expenditure (PCE), the Fed’s preferred indicator of inflation, was unchanged at 3.6% annually in September.
S&P 500 chart (daily)
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