US markets are closed today, Nov. 28, in observance of the Thanksgiving official holiday, and will resume work tomorrow.
The Dow Jones index ended yesterday’s trading down by 0.3%, or 138 points, to 44,722 points. Elsewhere, the S&P 500 also fell 0.4% to 5,998 points.
The Nasdaq, similarly, contracted by 0.6% to 19,060 points.
This came after official data showed that annual inflation in personal consumption expenditures (PCE) price index — the Federal Reserve's preferred inflation gauge — accelerated to 2.3% in October, from 2.1% in the previous month, in line with expectations.
This came a day after the release of the gross domestic product (GDP) data, which showed the pace of US economic growth slowed to 2.8% in the second reading for the third quarter of the year, from 3% in the previous quarter.
Despite this slowdown, the recorded growth pace indicated the continued momentum of the world's largest economies, despite the monetary tightening cycle in the post-pandemic era.
