Reported 27 days ago
U.S. stock markets closed lower as strong earnings from Alphabet fueled optimism for Big Tech, yet the tech-heavy indices failed to gain traction. The S&P 500 experienced a roughly 0.3% drop while the Nasdaq fell nearly 0.6%. Economic indicators showed a slight slowdown in GDP growth at an annualized 2.8% and a surprising surge of 233,000 private payroll jobs in October, complicating the Federal Reserve's upcoming interest rate decisions.
Source: YAHOO