Major stock equities on Wall Street wrapped up its trading session on Monday mostly lower, after kicking off the week registering significant gains as investors drew optimism from cooler-than-expected jobs figure while bracing for fourth-quarter financial reports by US major banks slated for release later this week.
The market participants digested latest remarks by the Federal Reserve officials ahead of the new reading on the US' consumer price index (CPI), with policymakers hinting that the course of monetary tightening could last well into next year with inflation rate likely to stay elevated until early 2025.
The Dow Jones Industrial Average dropped 0.33% as Merck & Co. Inc. tumbled 3.91%. The Nasdaq 100 rose by 0.62% with Lucid Group Inc. jumping 6.60%. The S&P 500 lost 0.08%, as Baxter International Inc. plunged 7.74%.
The euro gained 0.84% against the dollar, to sell at $1.0733 at 4:03 pm ET.
