Evening Market Recap - Wednesday 16-Oct
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US equities finished higher in Wednesday trading, ending near best levels though the S&P fell short of another all time high. Market gains broadened out on a largely catalyst-free day. Earnings activity continues to pick up while macro is quiet into a busier Thursday featuring retail sales, an expected 25 basis point rate cut from the ECB, and a China press conference to detail property support measures.
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US equities finished mostly lower in Wednesday trading, though ended off worst levels, with the Dow Jones, S&P500, and Nasdaq closing down 31bps, 38bps, and 60bps respectively. October core PCE was in-line, while October durable-goods orders were a bit below consensus. Second estimate of Q3...
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