S&P 500 concluded November with bang with bulls charging into the scene after Fed Chair Jerome Powell confirmed that the central bank will slow the pace of its aggressive rate hikes.

In a welcome development for financial markets, the annual inflation rate in the United States slowed to 7.7% in October, the lowest level since January.

Global stocks struggled for direction on Wednesday as investors focused on the US midterm election results.

An uneasy calm settled across financial markets ahead of the Federal Reserve’s policy meeting this evening. Equities struggled for direction; the dollar index remained static while gold prices were little changed.