On Tuesday, October 8th, U.S. markets closed in green as investors bought into technology stocks, benefiting from a slight easing in Treasury yields, which reduced concerns about rising borrowing costs.
According to economic data, the NFIB Small Business Optimism Index rose to 91.5 in September from 91.2 in August, below the expected 91.7. Meanwhile, the U.S. trade deficit narrowed to $70.4 billion in August, the lowest in five months, from $78.9 billion in July.
Most S&P sectors gained, led by consumer discretionary, information technology, and communication services, while the materials sector declined as metal prices fell.
The Dow Jones Industrial Average was up 0.30% and closed at 42,080.37. The S&P 500 ended the day higher by 0.97% at 5,751.13, while the Nasdaq Composite rose 1.45%, finishing the session at 18,182.92.
Asian Markets Today
On Wednesday, ...
