Market Brief 7 October, 2024

Good evening, investors and traders! The markets are showing resilience today, with the Nasdaq 100 Index (NDX) up by 1.22% to 20,035.02 and the S&P 500 Index (GSPC) up by 0.9% to 5,751.07. Several key developments are impacting the market, including the Australian inflation rate, which came in at 0.1% for September, and the news that activist investor Starboard Value has taken a $1 billion stake in Pfizer. The Chinese stock market is also seeing a surge, driven by expectations of more stimulus, which could potentially draw investors away from cryptocurrencies. Meanwhile, the US government is taking steps to seize stolen crypto from North Korean hackers, highlighting the ongoing battle against cybercrime in the digital asset space.