The latest Trump cabinet picks highlighted the importance of loyalty and obedience over experience and competency for key appointments.

Investors bid up U.S. stocks in anticipation of faster economic growth despite the prospects of a higher federal deficit and resurgent inflation under a wider and tougher trade tariff regime under the next U.S. administration.

Trump trades dominated early trading on Wall Street as investors shifted allocation ahead of the new administration's policy on trade, the federal government's spending priorities, and the reigniting of inflation. 

Vice President Kamala Harris and former President Donald Trump avoided debating the serious issues confronting the U.S. economy: rapidly rising national debt, growing income inequality, and deteriorating international competitiveness.

Wall Street indexes traded higher as investors reviewed the latest batch of corporate results. Investors also awaited the results of U.S. presidential and congressional elections and the U.S. Federal Reserve's rate decisions later in the week. 

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U.S. major averages were in a holding pattern ahead of the presidential and congressional elections. Crude oil prices rebounded after the OPEC+ decided to delay the increase in output by a month. Asian markets reacted to local corporate earnings and declines in Friday's trading in New York.

Stocks traded sideways as investors awaited the results of the U.S. presidential election and shifting balance of power in the U.S. Congress.

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U.S. job growth plunged in October due to the impacts of two severe hurricanes, Helene and Milton, and ongoing strikes at Boeing and at hotels in California and Hawaii. 

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Investors sold big tech stocks amid rising worries of slowing sales growth and elevated capital expenditure plans in 2025. European markets closed October with the largest monthly decline in 2024. Earnings dominated trading in China and Japan, but outflows of foreign funds dampened markets in India ahead of Diwali holidays. 

Wall Street indexes fell more than 1% after forward-looking announcements from big tech companies disappointed investors. The alternative measure of inflation, which generally understates price increases, confirmed stubborn and well-anchored inflation into the economy. 

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Investors across Atlantic lowered expectations for aggressive rate cuts following the release of economic growth data. Investors reviewed a deluge of earnings results from leading companies including Alphabet, Visa, Capgemini, GSK, Volkswagen, UBS, Haier Smart Home, and Maruti Suzuki.

The yield on 10-year  Treasury notes hovered near a three-month high after the annualized GDP growth in the third quarter slowed to 2.8% and private payrolls expanded at the fastest pace since July 2023.

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Tech rally powers ahead on Wall Street as investors await the release of quarterly results from leading megacap tech companies. European markets closed down. Japan's indexes advanced for the second session despite the growing political instability and policy uncertainty. 

Stock market indexes on Wall Street were little changed as investors reviewed a flood of quarterly results. AMD, Alphabet, and Chipotle Mexican Grill are set to release results after the market closes.

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Megacap tech stocks were in focus ahead of earnings this week as investors looked for clues about the artificial intelligence infrastructure spending. Japan market indexes may face unprecedented volatility after the ruling coalition lost its majority.