SEBI Reg. Investment Advisor

Download App
Help Center Pricing
Money Works 4 Me Logo MoneyWorks4Me
Login Get Free Account
Sign Up

MoneyWorks4Me

Log In Sign Up Schedule Free 15‑min Call
Login Get Free Account
Sign Up
  1. Home
  2. Stock Market News
  3. US markets settle higher on Friday

US markets settle higher on Friday

11 Dec 2021 Evaluate

The US markets settled higher on Friday after the Labor Department released a report showing U.S. consumer prices surged at the fastest annual rate of in nearly 40 years in November. The report showed the annual rate of growth in consumer prices accelerated to 6.8 percent in November from 6.2 percent in October, reflecting the biggest jump since June of 1982. Core consumer prices, which exclude food and energy prices, were up by 4.9 percent compared to the same month a year ago, showing the biggest annual increase since June of 1991. The faster annual growth came as consumer prices climbed by 0.8 percent in November following a 0.9 percent advance in October. Street had expected consumer prices to increase by 0.7 percent. Core consumer prices rose by 0.5 percent in November after climbing by 0.6 percent in October. The increase in core prices matched street estimates.

A separate report from the University of Michigan showed consumer sentiment in the U.S. unexpectedly improved in early December. The report said the consumer sentiment index climbed to 70.4 in December after dropping to a ten-year low of 67.4 in November. The rebound surprised market participants, who had expected the index to edge down to 67.1. On the sectoral front, Software stocks turned in some of the market's best performances on the day, driving the Dow Jones U.S. Software Index up by 2.4 percent. Oracle (ORCL) is leading the sector higher, soaring by 15.6 percent after the business software giant reported better than expected fiscal second quarter results and announced a $10 billion increase in its share repurchase program. Significant strength also emerged among oil service stocks, as reflected by the 1.7 percent gain posted by the Philadelphia Oil Service Index. The strength in the oil service sector came amid an increase by the price of crude oil, with crude for January delivery climbing $0.73 to $71.67 a barrel.

Dow Jones Industrial Average rose 216.30 points or 0.60 percent to 35,970.99, Nasdaq gained 113.23 points or 0.73 percent to 15,630.60 and S&P 500 was up by 44.57 points or 0.95 percent to 4,712.02.

Register Now to get our Free Newsletter & much more!
2026 ©The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me® is a registered trademark of The Alchemists Ark Pvt. Ltd.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×