ADI

Market Performance: The S&P 500 and Dow Jones closed higher, with the Dow reaching an all-time high, driven by optimism over a potential end to the government shutdown and strong semiconductor stock performance, particularly Advanced Micro Devices.

Interest Rates and Economic Indicators: Atlanta Fed President Raphael Bostic emphasized the importance of price stability, suggesting interest rates should remain steady. The markets are anticipating a 64% chance of a rate cut at the upcoming FOMC meeting.

Corporate Earnings: Q3 earnings reports show 82% of S&P 500 companies exceeded forecasts, with a 14.6% increase in earnings, significantly higher than the expected 7.2% growth, marking the best quarter since 2021.

Sector Movements: Chip stocks rallied, while the Magnificent Seven tech stocks faced declines. Energy producers fell due to a drop in crude oil prices, and several companies, including On Holding and Bill Holdings, saw significant stock price increases following positive news.

Market Performance: The S&P 500 is down slightly, while the Dow Jones reached an all-time high; mixed trading is influenced by weakness in major tech stocks and strong semiconductor performance, particularly Advanced Micro Devices.

Government Shutdown Update: A bipartisan effort in the Senate aims to pass a bill to reopen the government, providing funding for various departments and pay for furloughed workers, with a vote expected soon.

Corporate Earnings: Q3 earnings season shows strong results, with 82% of S&P 500 companies exceeding forecasts, leading to a 14.6% increase in earnings, significantly above expectations.

Interest Rates and Bonds: Treasury yields are mixed as the market anticipates a potential rate cut by the Federal Reserve, while European bond yields reflect a stable economic outlook according to ECB officials.

US Stock Market Performance: The S&P 500 is up 0.10%, the Dow Jones is up 0.85% reaching an all-time high, while the Nasdaq 100 is down 0.31%. Anticipation surrounds a potential end to the US government shutdown as the House prepares to vote on a continuing resolution.

Corporate Earnings and Economic Indicators: Q3 earnings for S&P 500 companies show a 14.6% increase, exceeding expectations, with 82% of companies reporting better-than-forecast results. Additionally, US mortgage applications rose by 0.6% in the week ending November 7.

Interest Rates and Bond Market: The 10-year T-note yield decreased to 4.067% amid stock market strength, while European government bond yields showed mixed results. The ECB is not expected to cut rates significantly in the near future.

Stock Movers and Market Trends: Advanced Micro Devices saw a significant 10% increase in stock price due to positive sales projections, while major tech stocks like Tesla and Meta experienced declines. Other notable movers include On Holding and Bill Holdings, both seeing substantial gains.