Market Brief 8 October, 2024

Good evening, investor! The markets are experiencing a mixed bag of emotions today. The S&P 500 Index (GSPC) is up by 0.69% to 5,750.35, while the Nasdaq 100 Index (NDX) is up by 1.25% to 20,102.74. The recent news cycle has been dominated by the ongoing conflict in the Middle East, with Israel launching a ground invasion into Lebanon. The Federal Reserve is also in the spotlight, with several officials signaling that more rate cuts are likely in the coming months. The Chinese stock market has experienced a roller coaster ride, with a surge in the mainland market followed by a sharp decline in Hong Kong. The crypto market is also seeing some volatility, with Bitcoin dropping after China's stimulus plans disappointed.