
U.S. stocks rose yesterday, but continue to show fluctuations as investors balanced strong corporate earnings against ongoing political and trade uncertainties. The S&P 500 and Nasdaq closed higher, supported by strong bank earnings, while the Dow finished almost unchanged. The Russell 2000 pushed further and reached a new high.
Meanwhile, the U.S. government shutdown entered its third week, halting key economic data releases and leaving investors with limited insight into the economy, mainly inflation and employment data, critical for Fed policy.
As the earnings season kicks off, Taiwan Semiconductor Manufacturing Company (TSMC) reported record third-quarter results, driven by surging demand for artificial intelligence chips. The company’s net profit beat expectations, and the stock rose afterhours.
In the commodities market, gold prices continue their record-breaking rally, maintaining a strong momentum. yesterday, prices surged to a new all-time high of $4,218 before briefly dipping to $4,165, where buyers quickly stepped in, lifting gold back above $4,200. This rally is supported by multiple fundamental drivers, mainly the growing expectations of at least two Fed rate cuts this year, a weaker U.S. dollar, and the ongoing U.S. government shutdown.
Geopolitical tensions, especially renewed U.S.–China trade frictions, and rising global debt levels have further fueled safe-haven demand. Central banks, led by China, are increasing gold reserves, while investors and funds continue to pour money into gold ETFs.
Oil prices jumped about 1% on Thursday after President Donald Trump said Indian Prime Minister Narendra Modi pledged to stop buying Russian oil, a move that could tighten global supply. Brent crude rose 0.8% to $62.43, while WTI gained 0.9% to $58.86 per barrel. The rise followed a recent slump driven by U.S.-China trade tensions and an IEA warning of a potential oil surplus next year.
Tags
Open Live Account
Please enter a valid country
No results found
No results found
Please enter a valid email
Please enter a valid verification code
1. 8-16 characters + numbers (0-9) 2. blend of letters (A-Z, a-z) 3. special characters (e.g, !a#S%^&)
Please enter the correct format
Please tick the checkbox to proceed
Please tick the checkbox to proceed
Important Notice
STARTRADER does not accept any applications from Australian residents.
To comply with regulatory requirements, clicking the button will redirect you to the STARTRADER website operated by STARTRADER PRIME GLOBAL PTY LTD (ABN 65 156 005 668), an authorized Australian Financial Services Licence holder (AFSL no. 421210) regulated by the Australian Securities and Investments Commission.
CONTINUEImportant Notice for Residents of the United Arab Emirates
In alignment with local regulatory requirements, individuals residing in the United Arab Emirates are requested to proceed via our dedicated regional platform at startrader.ae, which is operated by STARTRADER Global Financial Consultation & Financial Analysis L.L.C.. This entity is licensed by the UAE Capital Market Authority (CMA) under License No. 20200000241, and is authorised to introduce financial services and promote financial products in the UAE.
Please click the "Continue" button below to be redirected.
CONTINUEError! Please try again.