Evening Market Recap - Thursday, 31-Oct
Update: 2024-10-31
Description
US equities finished lower in Thursday trading, ending near worst levels. Today's risk-off atmosphere was largely a function of disappointing Mag 7 earnings, though there was nothing in the results or guidance to really shift the favorable narrative surrounding the AI secular growth theme. On the economic front, initial jobless claims are down again, down 12K week over week to 216K versus consensus 227K.
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