Asia Mostly Lower, Europe Declines, While Gold Holds At $2K - Global Markets Today While US Was Sleeping
Portfolio Pulse from Akanksha Bakshi
US stock markets closed in the red on October 25th, with Alphabet Inc.'s shares plunging after its Q3 financial results. This coincided with a rise in US Treasury yields, sparking fears of prolonged high interest rates. New home sales in the US surged by 12.3% in September. The Dow Jones, S&P 500, and Nasdaq all declined. Asian markets were mostly lower, with Japan's Nikkei 225 and Australia's S&P/ASX 200 declining, while China's Shanghai Composite and Shenzhen CSI 300 rose. European stocks also tumbled, erasing most of their 2023 gains.