Personal Consumption Expenditures (PCE) price index
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Crude Oil Gains Over 1%; VEON Shares Spike Higher
Benzinga· 2026-03-13 17:01
Market Performance - U.S. stocks traded mostly lower, with the Nasdaq Composite falling more than 100 points on Friday, while the Dow increased by 0.03% to 46,691.58, the NASDAQ decreased by 0.71% to 22,153.27, and the S&P 500 dropped by 0.31% to 6,651.81 [1] - European shares were higher, with the eurozone's STOXX 600 rising by 0.7%, Spain's IBEX 35 Index increasing by 0.8%, London's FTSE 100 up by 0.6%, Germany's DAX gaining 0.7%, and France's CAC 40 rising by 0.4% [4] - Asian markets closed lower, with Japan's Nikkei 225 falling by 1.16%, Hong Kong's Hang Seng index down by 0.98%, China's Shanghai Composite slipping by 0.82%, and India's BSE Sensex dipping by 1.93% [5] Sector Performance - Utilities shares climbed by 1.2% on Friday, while communication services stocks fell by 1.2% [1] Commodities - In commodity news, oil traded up by 1.2% to $96.91, while gold traded down by 1.5% at $5,046.80, silver decreased by 5.9% to $80.11, and copper fell by 1.8% to $5.7680 [3] Economic Indicators - The Personal Consumption Expenditures (PCE) price index rose by 2.8% year over year in January, down from 2.9% in December and below expectations for an unchanged reading [2]