Wall Street equities settled to a moderately higher close on Friday after data showed US consumer spending barely rose in November, while annual inflation increased at its slowest pace in 13 months.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/KPDIFyR
Domestic indices refer to stock market indices that measure the performance of the stock market in a particular country. They typically consist of a basket of stocks representing the performance of a particular market or sector within a country.
It is common for domestic indices to fluctuate based on a variety of factors, including economic conditions, company earnings, and market sentiment. When domestic indices open higher, it means that the overall value of the index has increased at the start of the trading day compared to the previous day's close. This can be driven by a number of factors, such as positive economic news, strong company earnings reports, or an overall bullish sentiment in the market.
The mention of metal stocks suggests that the performance of companies in the metal industry may be a contributing factor to the increase in the domestic indices. Metal stocks refer to stocks of companies involved in the production, processing, and distribution of metal products. Factors such as an increase in demand for metal products, favorable market conditions, and strong company performance can all contribute to the value of metal stocks and, in turn, the performance of the domestic indices.
