The S&P 500 and the Dow scored record closing highs on Friday, with the big boosts from financial stocks after banks reported strong quarterly results while the latest inflation data fuelled expectations for a U.S. Federal Reserve rate cut in November.
A wrap of the week in markets from the boys at MPC Markets.
We cover stocks, politics, opportunities on the ASX and geopolitics
Stocks fell Thursday as stronger-than-expected inflation data muddied the outlook for Federal Reserve rate cuts, Hurricane Milton hit landfall in Florida and Israel launched an attack on Beirut
Stocks ground to fresh records as investors continued to digest clues on interest rates from the Federal Reserve, a day ahead of fresh inflation data and Tesla robotaxi event.
The US market was led higher by tech, particularly Nvidia, despite a rout in Chinese stocks, with Chinese tech index having their worst day in history
Overnight – Treasury yields spike, putting stocks on the back foot A jump in long term Treasury yields overnight
Overnight – Strong jobs numbers reinforce “goldilocks” scenario Stocks headed higher on Friday as the US jobs numbers showed
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