U.S. stocks are drifting Monday to begin what could be a quiet stretch following their best week since March.
FILE - A trader looks over his cell phone outside the New York Stock Exchange, Wednesday, Sept. 14, 2022, in the financial district of Manhattan in New York.
The majority of stocks on Wall Street sank after a report showed growth fell short of economists' forecasts for businesses in the construction, accommodation and other U.S. services industries last month. It was still a fifth straight month of expansion, though. Monday's dip came after a weekslong rally carried Wall Street to its highest level since August. That was largely because a resilient job market has forced recession-callers to keep pushing out predictions for a downturn by another few months. Still, pressure remains on the economy from the squeeze of still-high inflation, interest rates and cracks in the U.S. banking system.
that will place its users between the virtual and real world. It will cost $3,500 when it's released early next year.in hopes of boosting its price. A barrel of U.S. crude rose 0.6% to $72.15, and a barrel of Brent crude, which is the international standard, climbed 0.8% to $76.71.
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