Market Brief 23 October, 2024

Good evening, investors and traders! The markets are experiencing a volatile day, with the S&P 500 Index (GSPC) down by -0.87% to 5,798.25 and the Nasdaq 100 Index (NDX) down by -1.47% to 20,079.75. Several key economic events are impacting market sentiment, including the Bank of Canada's interest rate decision, the release of the Fed's Beige Book, and the latest inflation projections from the IMF. The U.S. 10-year Treasury yield has risen to its highest level since June, while gold futures have reached a new record high above $2,760. Tesla's earnings report has also been a major focus, with the company reporting a strong third quarter, including a gross margin of 19.8% and adjusted earnings per share of 72 cents. The markets are likely to remain volatile in the coming days, as investors continue to monitor the upcoming U.S. election and the global economic outlook.