Summary
Stocks hit an intraday high on Thursday on the Fed’s final policy decision of 2023, but gave up some of their gains by market close. In other news, last week’s initial jobless claims came in at 202,000, down from 220,000 in the week prior. The Street had been expecting new claims to remain at 220,000. U.S. retail and food services sales rose 0.3% in November according the U.S. Census Bureau’s advance reading. Excluding automobiles and parts, sales rose 0.2%; excluding gasoline stations, sales rose 0.6%. On the housing front, mortgage rates fell below 7% for the first time since August. The Dow rose 0.4%, the S&P 500 gained 0.3% and the Nasdaq was up 0.2%. Crude oil traded near $72 per barrel, while gold rose $53 to $2051 per ounce.
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Source: finance.yahoo.com