Posted 12/1/2023, 3:43:53 PM
Stocks Flat as Investors Await Powell Speeches for Rate Hike Signals; Nasdaq Down Slightly
- Stocks wobbled on Friday as investors awaited speeches by Fed Chair Jerome Powell for clues on future rate hikes
- The S&P 500 and Dow were little changed, while the Nasdaq fell 0.3%
- Stocks posted their best monthly gains since 2020 in November amid hopes of a Fed pivot on rate hikes
- Oil prices steadied after OPEC+ decision to cut output failed to excite investors
- Bitcoin rose nearly 2% to top $38,000, extending a rally nearing 19-month highs