Stocks mostly higher on upbeat Fed comments and US trade deficit fall

From Nasdaq: 2024-10-08 12:52:57

Stocks mostly higher with S&P 500 up +0.37% due to upbeat Fed comments and a US trade deficit fall. Middle East tensions weigh on markets. US 10-year T-notes at a 2-1/4 month high of 4.047%. Israeli offensive in Lebanon and Gaza. Israel to respond to Iran attack. Eagerly awaiting US Q3 GDP and CPI data, predicting easing. Euro Stoxx down -0.52%, China rallies +4.59%, Japan slips -1.00%. German bund yield at a 1-month high. ECB hints at policy easing. US stock movers: Palo Alto Networks (+4%), Humana (+3%), Waters Corp (+3%), DocuSign (+7%), Nvidia (+2%), Affirm Holdings (+2%), Honeywell (+1%), UFP Industries (+1%). Energy stocks tumble with WTI crude down -3%. Chinese stocks fall after no new stimulus measures announced. Mining stocks down, Qualcomm (-1%), American Express (-1%), Constellation Brands (-1%). Earnings on 10/8: Accolade Inc, Critical Metals Corp, IDT Corp, PepsiCo Inc.



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