US stock indices closed the trading session on Friday, November 18, 2022 (the end of the week’s trading) with an increase, with investors assessing the prospects for the path of monetary policy in the United States.
US indices in the Friday, November 18, 2022 session
The Dow Jones Industrial Average rose, during Friday’s trading, by 0.6%, or the equivalent of 99 points, to record 33,745 points.
The broader Standard & Poor’s 500 index also rose by 0.5%, or the equivalent of 18 points, to reach 3965 points.
While the Nasdaq index settled at 11144 points.
Expectations of an interest rate hike
Boston Fed President Susan Collins said the central bank still has room to raise interest rates, expressing optimism about getting inflation under control without causing major damage to the economy and the labor market.
The US stock market was affected by the rise in Treasury yields today, as the yield on the two-year bond rose to 4.53%, and the yield on 10-year debt rose to 3.82%.
European and Japanese stocks in the Friday, November 18th session
With regard to European markets, during the Friday session, November 18, 2022, the Stoxx 600 index rose by 1.2%, or the equivalent of 5 points, to record a level of 433 points, and the French “CAC” index rose by 1.04%, equivalent to 68 points, to reach the level of 6644 points.
The German “DAX” index increased by 1.2%, or the equivalent of 165 points, at 14431 points, and the British “FTSE 100” index increased by 0.5%, or the equivalent of 39 points, to record 7385 points.
In Japan, the Nikkei index declined by 0.1%, at 27,899 thousand points, while the broader Topix index settled at 1966 points.