Dow Surges Over 150 Points; Alphabet Posts Upbeat Results
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 30 2024
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Source: Benzinga
U.S. Stock Market Performance: U.S. stocks opened higher with the Dow Jones gaining over 150 points, while communication services shares rose by 2.7%. Notable companies like Alphabet Inc. reported better-than-expected earnings, boosting market sentiment.
Economic Indicators: Pending home sales in the U.S. increased by 7.4% in September, and the economy grew at an annualized rate of 2.8% in the third quarter, indicating positive economic momentum despite mixed performances in European and Asian markets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
