On Tuesday, October 29, U.S. markets closed blended: the Nasdaq reached a record high, the S&P 500 got, and the Dow decreased as financiers assessed incomes reports. Alphabet’s strong income, in addition to approaching arise from other “Spectacular 7” tech giants, will identify if Wall Street’s optimism for AI and tech can sustain current index gains.
Financial information revealed the S&P CoreLogic Case-Shiller index increased 5.2% year-over-year in August, below July’s 5.9%. U.S. wholesale stocks dipped 0.1% in September, while the trade deficit broadened to $108.2 billion from $94.2 billion.
S&P 500 sectors closed lower, led by losses in energy, customer staples, and energies, while infotech and interaction services stocks outshined.
The Dow Jones Industrial Average dipped 0.36% to close at 42,233.05, the S&P 500 got 0.16% to 5,832.92, and the Nasdaq Composite increased 0.78% to end up at 18,712.75.
Asia Markets Today
- On Wednesday, Japan’s Nikkei 225 closed greater by 1.16% at 39,332.00, led by gains in the Shipbuilding, Financing & & Financial investment and Banking sectors.
- Australia’s S&P/ ASX 200 decreased 0.83% and ended the day at 8,180.40, led by losses in the Customer Staples, Customer Discretionary, and Health care sectors.
- India’s Nifty 50 traded lower by 0.48% at 24,350.30 and Nifty 500 was down 0.20% at 22,750.05.
- China’s Shanghai Composite fell 0.61% to close at 3,266.24, and the Shenzhen CSI 300 fell 0.90%, completing the day at 3,889.45.
- Hong Kong’s Hang Seng decreased 1.55% and closed the session at 20,380.64.
Eurozone at 06.00 AM ET
- The European STOXX 50 index was down 0.88%.
- Germany’s DAX decreased 0.59%.
- France’s CAC fell 1.09%.
- U.K.’s FTSE 100 index traded lower by 0.22%.
Products at 06.00 AM ET
- Petroleum WTI was trading greater by 0.76% at $67.69/ bbl, and Brent was up 0.71% at $71.22/ bbl.
- Gas fell 0.21% at $2.853.
- Gold was trading greater by 0.58% at $2,797.30, Silver got 0.03% to $34.453, and Copper moved 0.09% to $4.3567.
U.S. Futures at 06.00 AM ET
Dow futures were up 0.03%, S&P 500 futures increased 0.19%, and Nasdaq 100 Futures increased 0.14%.
Forex at 06.00 AM ET
The U.S. dollar index moved 0.18% to 104.12, the USD/JPY was down 0.30% to 152.91, and the USD/AUD fell 0.37% to 1.5186.
Picture by Pavel Bobrovskiy through Shutterstock
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