The daily reports for important events that affects the forex, stocks and commodities markets.

18/10/2024 Evening Reports

Big Tech Boosts US Stocks as Netflix Beats Expectations; Treasury Yields Steady

US stock futures rose, led by Big Tech, as Netflix’s 7% premarket jump helped lift the Nasdaq 100 by 0.5%. Netflix exceeded Wall Street expectations, adding more subscribers than anticipated in the third quarter. Apple also gained after data showed iPhone sales in China were up 20% compared to last year.

Treasuries stabilized following strong US economic data, which lessened the urgency for the Federal Reserve to cut rates soon. Small-cap stocks also saw gains, supported by easing inflation and investor positioning tied to potential political shifts in the US.

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