PostmanUK @PostmanUK: "⚠️ WHAT HAPPENED, YESTERDAY? 25/10/23..."

United Kingdom

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⚠️ WHAT HAPPENED, YESTERDAY? 25/10/23 ⚠️ 🔥 $GD (General Dynamics Corp) closed up 4.03%. 🔥 $HRL (Hormel Foods Corp) closed up 3.75%. 🔥 $HSY (Hershey Co) closed up 2.20%. 🔥 $1966.HK (China SCE Property Holdings Ltd) closed up 2.77%. 🔥 $TGT (Target Corp) closed up 1.55%. 🔥 $01128.HK (Wynn Macau Ltd) closed up 2.16%. 📃 Stocks slipped yesterday after the latest round of earnings prompted concern among investors over the economic outlook, adding to the angst over painfully high interest rates, while benchmark U.S. Treasury yields and the dollar ticked up. 📃 All three major indexes ended lower, with the Nasdaq ending down 2.4%. That pulled the tech-heavy index down more than 10% from its recent high. 📃 The Dow Jones Industrial Average finished down 0.32%. 📃 The S&P 500 lost 1.43%. 📃 The Nasdaq Composite dropped 2.43%. 📃 10-year Treasury notes rose but held below the 16-year high of 5% reached Monday. 📃 Chip stocks fell after Texas Instruments reported lackluster quarterly results. 📃 Brent crude gains 2% amid Middle East conflict fears. 📃 Asian shares flat after China unveils 1 trillion yuan bond issue. Overnight, Asian stocks rose from 11-month lows as investors cheered China's approval of a 1 trillion yuan ($137 billion) sovereign bond issue as a harbinger of stimulus, although MSCI's broadest index of Asia-Pacific shares outside Japan were little changed. 👉Corporate News 👈 👨‍💻 Shares of Alphabet Inc. plunged nearly 10% after the Google parent reported disappointing cloud services revenue, reviving fears of an economic slowdown and dragging down the broader communication services sector. 👨‍💻 Texas Instruments reported lackluster third-quarter earnings results, weighing on other semiconductor stocks. The company posted revenue of $4.532 billion, below the FactSet consensus estimate of $4.579 billion. Shares of Texas Instruments shed 4%. 👨‍💻 Nvidia lost 4%, and AMD and Intel each dropped some 5%. 👨‍💻 Apple closed 1.35% lower at $171.10 per share. Bloomberg's well-known Apple columnist Mark Gurman yesterday wrote an article that Apple plans to overhaul its AirPods series from top to bottom to bring new changes to one of Apple's best-selling products. 👨‍💻 ASML closed down 0.34% at $560.70 per share. The report pointed out that the advanced processors used in Huawei's new smartphones that have alerted the United States are produced by SMIC using ASML equipment. @MissMoneyCash @PBoxTrading