The Dow Jones Index achieves its highest close in nearly two months
US indices closed mixed on Monday amid anticipation of US inflation data, which will help determine the course of the Federal Reserve's monetary policy and the time period for interest rates to remain high.
Economists expect a headline increase of 3.3% for October, down from 3.7% in September. But core prices are expected to remain unchanged from the previous month.
On Friday, Moody's downgraded the US outlook from stable to negative, citing large fiscal deficits and low debt sustainability.
Performance of major US indices:
The Dow Jones Index rose by about 0.2%, equivalent to 55 points, recording its highest close in about two months, mainly supported by Boeing stock.
While the S&P 500 index fell by about 0.1%, and the Nasdaq Composite Index fell 0.22% from its highest levels in two months, under pressure from losses in Apple and Microsoft shares.
Boeing shares
Boeing shares jumped 4% in Monday's session, recording the largest daily gains in more than 3 months, as the company added about $5 billion to its market value in one day.
These gains came after press reports reported that China is considering resuming the purchase of 737 MAX aircraft.
Dubai's Emirates airline also placed an order for another 90 Boeing 777X aircraft at the opening of the Dubai Air Show on Monday.
Medical technology sector stocks
Health technology stocks on Wall Street posted strong gains in Monday's session, with the S&P Healthcare Index the second-biggest gainer on the benchmark index.
The gains came after Novo Nordisk detailed the cardiovascular benefits of its popular weight loss treatment Wegovy using data from a phase 3 trial at a medical event over the weekend.
Davita shares jumped by more than 6%, achieving the highest daily gains in 3 months, Insulet shares rose by 5.6%, recording their highest close in 6 weeks, and Dexcom shares rose by 4.6% to their highest levels in two months.
