Market Brief 30 October, 2024

Good evening, investors and traders! The markets are experiencing a mixed day, with the Nasdaq 100 Index (NDX) down by -0.85% to 20,404.68 and the S&P 500 Index (GSPC) down by -0.39% to 5,815.65. Several significant news stories are impacting the market, including the release of the US GDP report, which showed a 2.8% growth rate, and the announcement of a colossal $20 decillion fine against Google by Russia. Additionally, the US ADP employment report revealed a strong increase of 233,000 jobs added in October, while the US Q3 core PCE prices rose by 2.2% year-over-year. These economic indicators are providing insights into the current state of the US economy and its potential trajectory. Keep an eye on the upcoming earnings reports from major companies like Microsoft, Alphabet, and Starbucks, as they could significantly influence market sentiment.