S&P 500 Edges Lower; US Crude Oil Inventories Fall
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 showed mixed results with the Dow up 0.08%, while the S&P 500 and NASDAQ fell slightly. Communication services saw a rise of 1.8%, but information technology shares dropped by 1%.
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 Q3, down from 3% in Q2. Additionally, private businesses added 233K jobs in October.
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.
