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NOVEMBER RALLY RESUMES Stocks rose Tuesday as comments from a Federal Reserve official raised hopes the central bank may not need to raise interest rates further. U.S. Treasury yields dipped on Tuesday, with the yield on the 10-year note last down nearly 6 basis points at %. The Dow Jones Industrial Average added points, or %, to close at 35,. The S&P 500 inched higher by % to 4,, and the tech-heavy Nasdaq Composite gained % to end the session at 14,. Source: CNBC RIP MUNGER Billionaire Charlie Munger, the investing sage who made a fortune even before he became Warren Buffett’s right-hand man at Berkshire Hathaway, has died at age 99. Munger’s family said he died peacefully Tuesday morning at a California hospital, according to a press release from Berkshire Hathaway. Buffett credited Munger with broadening his investment strategy from favoring troubled companies at low prices in hopes of getting a profit to focusing on higher-quality but underpriced companies. Source: CNBC DOLLAR FALLS WITH TREASURY YIELDS AS FED BETS GROW The dollar is near a four-month low and Treasuries extended a November rally, as expectations grew that the Federal Reserve is done with policy tightening and may start cutting interest rates next year. The US currency fell for a fifth day as it weakened against all its Group-of-10 peers and most emerging-market counterparts in Asia. The New Zealand dollar rallied after the country’s central bank signaled an increased risk for it to hike again next year. Source: Bloomberg 🌐 FXOpen official website: Join us on our social networks: ✅ ✅ ✅ ✅ CFDs are complex instruments and come with a high risk of losing your money.
