11/29/2023, 10:01 PM (Source: TeleTrader)
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US closes mostly lower after Beige Book release

Major stock indexes in the United States closed mostly lower on Wednesday after the Federal Reserve revealed in its November Beige Book that the economic activity in the country slowed, adding that most districts are anticipating price increases to continue. On the other hand, market participants analyzed the latest GDP report which showed growth at a stronger pace than previously indicated. In addition, the country's trade balance and mortgage applications were revealed.

The Dow Jones Industrial Average was flat at the close. The Nasdaq 100 and the S&P 500 decreased by 0.14% and 0.09% with Constellation Energy Corp dragging both indexes down by 3.11%.

At 4:02 pm ET, the euro was flat against the dollar.

Baha Breaking News (BBN) / DD