© Reuters
Investing.com — Traders look ahead to the start of the final month of trading in 2023 following a positive November for stocks on Wall Street. Elsewhere, Tesla (NASDAQ:) reveals a price tag for the cheapest model of its futuristic-looking Cybertruck that is well above boss Elon Musk’s initial estimates, and a private survey shows Chinese manufacturing activity unexpectedly expanded last month.
1. Futures dip early gains; Powell appearances ahead
U.S. stock futures slipped on Friday, reversing earlier gains, after equities on Wall Street finished off their best month since 2022 in the previous session (more below).
By 08:08 ET (13:08 GMT), the contract was mostly unchanged, had dipped by 11 points or 0.2%, and had fallen by 62 points or 0.4%.
In the last day of trading of November, the 30-stock jumped by 1.5% to its highest close since January of last year and the benchmark advanced by 0.4%, while the tech-heavy dipped by 0.2%. Both the Dow and S&P are on track to post a winning week, although the Nasdaq is on pace to snap four consecutive positive weeks.
Investors were pouring through data on Thursday that showed the Federal Reserve’s preferred…
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