Description
US equities finished lower in Wednesday trading, selling off after midday and ending near worst levels, with the Dow Jones, S&P500, and Nasdaq closing down 22bps, 33bps, and 56bps respectively. Earnings were a major focus today, with more than half of the S&P 500 constituents now having reported; Alphabet, AMD, Caterpillar among notable reporters. Big beat for October ADP private payrolls, printing at 233K vs 108K consensus. Q3 GDP grew at a 2.8% SAAR against forecasts for 2.6%. September pending home sales came in much stronger than expected, rising 7.4% m/m.
US equities finished mixed in Wednesday trading, ending off best levels after an uneventful afternoon, with the Dow Jones and S&P500 closing up 11bps, and 2bps, while the Nasdaq closed down 26bps. Big headline today was October's in-line core CPI print in contrast to some fears for a hotter...
Published 11/13/24
US equities ended lower in Tuesday trading, though off worst levels. No one specific factor at work, though renewed bond yield backup getting some attention. NFIB small business sentiment ticked up by 2.2 points to 93.7 in October.
Published 11/12/24