Shares climbed today following last week’s Wall Street gains, according to the Associated Press. Futures for the S&P 500 were up 0.4%, while futures for the Dow Jones Industrial Average rose 0.6%.
On Tuesday, the business group The Conference Board will release an update on consumer sentiment, and on Wednesday, the release of the personal consumption expenditures index for October will offer new inflation data. The PCE is the Fed’s preferred measure of inflation, and this will be the last PCE reading prior to a meeting of the Federal Reserve next month.
In the crypto market, bitcoin hovered around $98,000, according to CoinDesk. It has more than doubled this year and first surpassed the $99,000 level last Thursday.
In other dealings early today, U.S. benchmark crude oil lost 65 cents to $70.59 per barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the international standard, shed 65 cents to $73.98 per barrel.
The U.S. dollar rose to 154.59 Japanese yen from 154.31 yen.
