November PCE Report and Market Reactions Amid Government Shutdown Concerns

Reported 1 day ago

US stock futures are declining as the November PCE price index increased by 2.8%, slightly missing economists' projections. A potential government shutdown is on the horizon after House Speaker Mike Johnson's spending bill faced rejection from President-elect Trump. Additionally, Novo Nordisk's shares dropped over 20% following disappointing results from its weight-loss drug clinical trial.

Source: YAHOO

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