By Staff Reporters
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U.S. equities were mixed, as the markets processed a number of events and data. Unrest in China amid protests in the region in response to its zero-tolerance COVID policy provided a source of uneasiness for the global markets, despite some optimism that the country may ease COVID-related restrictions. Meanwhile, a looming December 9th potential national strike date for rail workers added to the anxiety, all ahead of tomorrow's comments from Fed Chairman Jerome Powell of the FOMC.
Equity news was light, with Dow member UnitedHealth Group issuing mixed 2023 guidance, while Chemours issued a full-year outlook that came in below estimates.
In economic news, home prices cooled, and the Consumer Confidence Index [CCI] fell for the second straight month.
Treasury yields were higher, and the U.S. dollar gained modest ground, while crude oil and gold prices advanced. Asia finished mostly to the upside, with mainland Chinese and Hong Kong markets leading the way amid the lingering optimism that COVID-19 restrictions may ease and as China announced further measures to support its property market.
Europe ended a choppy session mixed as the markets monitored the developments in China, as well as diverging economic data in the region.
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