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Home > Stock Market Updates > Market Savera - 24/20/2024


	Podcast:		Stock Market Updates
	Episode:		Market Savera - 24/20/2024
	Category:		Business
	Duration:		00:02:41
	Publish Date:		2024-10-24 03:20:10
	Description:		The Dow Jones and S&P 500 finished lower for a third straight session, joined by the Nasdaq on Wednesday as investors agonized about rising Treasury yields and the possible outcome of the Nov. 5 presidential election. Big tech climbed in after hours as Tesla Inc. kicked off the “Magnificent Seven” earnings season with solid results. Benchmark 10-year U.S. Treasury yields reached a three-month high with investors reassessing the Fed rate-cut outlook over the next few months against the backdrop of strong economic data and the upcoming presidential election. U.S. home sales fell to the lowest level in 14 years, as high home prices and uncertainty over the upcoming presidential election spooked home buyers. Asia-Pacific markets were mixed Thursday after U.S. stocks dropped overnight, with the Dow Jones Industrial Average posting its worst day in more than a month. Sona Comstar to acquire Escorts Kubota’s Railways Equipment Division for Rs 1600 crore KEC International won orders worth Rs. 1,142 crore Adani Power board to mull raising up to rs 5,000 crore Nifty fell for a third consecutive session on October 23 to end at its lowest level in more than 2 months. Nifty weakened marginally after a smaller range day as the latest release of corporate earnings were better than the earlier ones. Global markets remained pressured by a rising dollar, lower global growth forecast by the IMF, uncertainty around the US elections, rising geopolitical tensions and the prospect of a less aggressive US Fed in cutting rates. Nifty needs to move above 24604 to signal bullishness. On falls 24347-24367 band could offer support Indian markets could open flat to mildly higher, in line with mixed Asian markets today and despite negative US markets on Oct 23
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