S&P 500 Lower on Mixed Tech Results

Written By Timmy Adami

October 30, 2024

MRKT Matrix - Wednesday, October 30th

  • S&P 500 closes lower on Wednesday as investors brace for more Big Tech earnings (CNBC)

  • US Economy Expands at 2.8% Rate, Powered by Resilient Consumer (Bloomberg)

  • US Hiring in ADP Data Rises to Fastest Pace in More Than a Year (Bloomberg)

  • Alphabet’s Pricey AI Bet Pays Off With Cloud, Search Growth (Bloomberg)

  • Super Micro shares plunge 30% as auditor resigns after raising concerns months earlier (CNBC)

  • Lilly Cuts Guidance on Disappointing Weight-Loss Drug Sales (Bloomberg)

  • BYD Revenue Eclipses Tesla for First Time as EV Giants Go Head to Head (Bloomberg)

  • Mortgage demand stalls as interest rates surge higher ahead of election (CNBC)

  • Sell Stocks If a Trump Win Drives a Rally, Citi Strategists Say (Bloomberg)

Timmy Adami
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