Stocks Settle Higher as US Economic News Lifts Fed Rate Cut Expectations

The Conference Board US Nov consumer confidence index fell -6.8 to a 7-month low of 88.7, weaker than expectations of 93.3.The latest weekly update from ADP showed US private payrolls fell -13,500 a week, on average, in the four weeks ending November 8.The US Sep S&P CaseShiller composite-20 home price index rose +1.36% y/y, weaker than expectations of +1.40% y/y and the smallest pace of increase in more than two years.US Sep PPI final demand rose +2.7% y/y, stronger than expectations of +2.6% y/y. However, ...