Last update: 4:04 pm EST
Stock indices ended today's session in green, as the Nasdaq 100 (NDX), S&P 500 (SPX), and the Dow Jones Industrial Average (DJIA) gained 1.74%, 1.89% and 1.7%, respectively.
The basic consumer sector (XLP) was the biggest laggard of the session, gaining 1.31%. On the contrary, the real estate sector (XLRE) was the leader of the session, with a gain of 1.93%.
Additionally, the 10-year US Treasury yield saw a slight decline to 4.665%. Similarly, the two-year Treasury yield also did not change much, hovering around 4.991%.
Last update: 2:30 pm EST
The stock is in the green so far in today's trading session. Furthermore, WTI crude oil has risen and is around $82.66 per barrel. Despite the recent upward trend in raw materials, prices at the pumps are on a downward trend throughout the country.
In fact, the national average for regular gasoline was $3.448 per gallon, down from last week's reading of $3.531. The highest prices can be found in California, where prices are substantially higher than the national average, at $5,210 per gallon. On the other hand, Texas is the state with the lowest gasoline prices, $2,933 per gallon.
Meanwhile, the Total Vehicle Sales Index, which tracks the number of new vehicles sold nationwide, came in at 15.50 million, beating forecasts of 15.30 million. However, the current figure is a decrease from the previous month's 15.67 million, indicating a slowdown in U.S. vehicle purchases.
Last update: 9:30 am EST
Stocks opened higher Thursday morning with the Nasdaq 100 (NDX), the S&P 500 (SPX), and the Dow Jones Industrial Average (DJIA) increased by 1.24%, 1.07%, and 0.75%, respectively, as of 9:30 a.m. EST on November 2.
Jobless claims data rose to a seven-week high and jobless claims rose by 5,000 in the week ending Oct. 28 to 217,000, showing signs of a cooling labor market. Economists had forecast jobless claims of 210,000. Jobless claims for the week ending Oct. 28 were higher than the previous week's revised figure of 212,000. New unemployment claims decreased in 27 of the 53 states and territories that report these claims to the federal government.
When it comes to productivity data from the United States, worker productivity in that country increased at a rate of 4.7% annually, while economists expected a drop of 4.3%. This was the fastest increase in productivity since the third quarter of 2020.
First Posted: 4:25am EST
US futures are in the green on Thursday morning, following the The pause in interest rates from the Federal Reserve yesterday. Although Federal Reserve Chair Jerome Powell has kept open the possibility of future rate hikes, traders reacted enthusiastically to the current pause.
Futures on the Nasdaq 100 (NDX), the S&P 500 (SPX), and the Dow Jones Industrial Average (DJIA) increased by 0.48%, 0.26%, and 0.06%, respectively, as of 4:20 a.m. EST on November 2.
Meanwhile, the 10-year US Treasury yield retreated slightly, floating near 4.73% at the time of writing. And WTI crude oil futures are around $81.20 per barrel at last check.
Traders now look forward to one of the week's biggest gains, iPhone maker Apple (AAPL), ready to report after the bell today. Other notable gains of the day include Eli Lilly (LYLY), Starbucks (SEX), Modern (mRNA), Fox News (FOX), primordial (FOR), platoon (PTON) and DraftKings (DKNG) among others.
Additionally, economic reports on weekly initial jobless claims, September factory orders, and preliminary unit labor costs will be released today.
Getting back to corporate news, SolarEdge stock (SEDG) plummeted 19% in Wednesday's extended trading session after reporting dismal Q3 FY23 earnings and issue a weak outlook for the fourth quarter. By contrast, DoorDash stock (DASH) rose 8% in after-hours trading to beat third-quarter earnings. Additionally, Qualcomm (QCOM) obtained after hours in a strong forecast for the first quarter and surpassed the fourth quarter.
Additionally, Boeing (licensed in letters) confirmed that it is carrying out a investigation into a cyber attack. The Lockbit cybercrime group claimed to have acquired a substantial volume of sensitive data from Boeing. He too The Justice Department is investigating Live Nation (LIE) agreements with artists and spaces to see if there are monopolistic clauses that hinder competition.
Elsewhere, European indices are trading higher on Thursday as investors anticipate today's Bank of England (BOE) monetary policy decision. Traders also applauded the US Federal Reserve's decision to keep interest rates stable.
Asia-Pacific markets mostly end higher on Thursday
Most Asia-Pacific indices ended higher on Thursday following the US Federal Reserve's decision to keep rates steady for the second time in a row.
Hong Kong's Hang Seng Index closed up 0.75%. While Chinese markets bucked the trend and the Shanghai Composite and Shenzhen Component indices ended with a fall of 0.45% and 0.94%, respectively.
Japan's Nikkei and Topix indices ended up 1.10% and 0.51%, respectively.
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