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๐ฐ Market Headlines
The Dow and S&P 500 hit record highs yesterday, as investors awaited key earnings reports and economic data.
The S&P 500 climbed 0.77%, marking its 46th record close of the year. The Dow rose 0.47% and the Nasdaq gained 0.87%.
Israeli Prime Minister Netanyahu agreed to limit retaliation against Iran to military targets after the Oct. 1 missile attack, avoiding nuclear or oil sites.
Boeing announced plans to cut 10% of its global workforce and delay the launch of its 777x jet.
Google agreed to purchase 500 megawatts of power from Kairos Power's small modular reactors for AI operations.
Tuesday: Bank of America (BAC), Charles Schwab (SCHW), Citi (C), Goldman Sachs (GS), J.B. Hunt (JBHT), Johnson & Johnson (JNJ), Progressive (PGR), State Street (STT), United Airlines (UAL), UnitedHealth Group (UNH), Walgreens Boots Alliance (WBA)
Wednesday: Abbott (ABT), Alcoa (AA), ASML (ASML), Citizens (CIA), Discover Financial Services (DFS), Morgan Stanley (MS)
Thursday: Netflix (NFLX), Blackstone (BX), Travelers (TRV), First National Bank (FBAK), Western Alliance (WAL), WD-40 (WDFC)
Oil fell 2% after OPEC cut its demand forecast and Chinaโs stimulus disappointed.
๐ Global Perspectives
๐ฐ๐ตย ๐ฐ๐ท North Korea announced plans to destroy cross-border roads with South Korea as tensions rise over drone incidents. [Ed: Drones donโt need roads]
๐ฎ๐ฑย ๐ต๐ธ Israeli tanks pushed deeper into northern Gaza, forcing families to flee under heavy fire.
๐จ๐ณย ๐น๐ผ China ended war games around Taiwan but hinted at future military drills.
๐ฉ๐ช An ex-East German Stasi officer was sentenced to 10 years for a 1974 Berlin Wall killing.
๐ป๐ช Venezuela recognized a fiery ritual for goddess Maria Lionza as cultural heritage.
๐ Crypto
Google searches for “bitcoin” hit a yearly low, despite a 142% price rise.
Tether CEO Paolo Ardoino announced plans to enter commodities trading and traditional finance.