U.S. shares were mixed today after Wall Street closed out its best month of the year with big gains in November, the Associated Press reports. The future for the S&P 500 edged 0.1% lower, while that for the Dow Jones Industrial Average gained 0.1%.
Markets marched steadily higher for much of November as investors grew hopeful that the Federal Reserve is finally done raising interest rates, which fight inflation by slowing the economy. Those hopes got more support with a report that the Fed’s preferred measure of inflation cooled last month.
The yield on the 10-year Treasury, which influences mortgage rates, slipped to 4.31% early Friday from 4.34% late Thursday.
U.S. benchmark crude oil fell 3 cents at $75.93 per barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the international standard, shed 13 cents to $80.73 per barrel.
In currency dealings, the dollar slipped to 147.84 Japanese yen from 148.20 yen.
