Market Brief 11 October, 2024

Good evening, investors and traders! The markets are showing positive momentum today, with the S&P 500 Index (GSPC) up by 0.59% to 5,814.65 and the Nasdaq 100 Index (NDX) up by 0.1% to 20,268.16. Some of the most notable news today includes the SEC's lawsuit against Cumberland DRW for operating as an unregistered crypto dealer, the release of Tesla's Cybercab robotaxi, and the Bank of Korea's first interest rate cut in two years. The SEC's lawsuit against Cumberland DRW has caused some uncertainty in the crypto market, while Tesla's Cybercab has generated excitement among investors. The Bank of Korea's interest rate cut is a sign that the central bank is concerned about the economy, which could lead to further rate cuts in the future.