From Nasdaq: 2024-11-08 11:40:01

Stocks are mostly higher today, with the S&P 500 and Dow Jones hitting new highs. Optimism around Trump’s policies and lower bond yields boost markets. Axon Enterprise and Expedia Group see significant gains. However, Akamai and Arista Networks face setbacks on lower forecasts. Earnings reports show strong performance with 78% beating estimates.

Overseas markets are mixed, with the Euro Stoxx 50 and China’s Shanghai Composite down. Interest rates see a slight uptick in 10-year T-notes. European bond yields decline. Swaps predict a rate cut by the ECB. US stock movers include Axon Enterprise, Insulet Corp, Expedia Group, and more with positive performances.

On the downside, Airbnb reports weaker EPS, while Akamai Technologies and Mettler-Toledo International lower their forecasts. Chinese stocks face pressure after the government’s debt refinancing plan. Earnings reports for various companies are released. Home Depot and Lowe’s see upgrades, while Pinterest and Cloudflare forecast lower revenue.

Overall, market sentiment remains positive with a focus on corporate earnings and policy outlooks. Investors are closely monitoring global developments impacting stock performance.



Read more at Nasdaq: Stocks Edge Higher on Optimism Over President-elect Trump’s Agenda