Asia Mixed, Europe Gains, Crude Oil Jumps 2% On Geopolitical Concerns, Gold Advances - Global Markets Today While US Slept

On Wednesday, October 24th, U.S. markets closed in red as rising Treasury yields weighed on mega-cap stocks and dampened hopes for significant Federal Reserve rate cuts. Corporate news impacted McDonald’s and Coca-Cola, while 10-year U.S. Treasury yields hit a three-month high.

Economic data shows that U.S. existing home sales fell by 1% in September compared to the previous month, bringing the annualized rate to 3.84 million.

S&P 500 sectors closed lower Wednesday, led by losses in consumer discretionary, tech, and communication services, while real estate and utilities ended higher.

The Dow Jones Industrial Average dipped 0.96% to close at 42,514.95, the S&P 500 slipped 0.92% to 5,797.40, while the Nasdaq Composite fell 1.60% to finish at 18,276.65

Asia Markets Today

On Thursday, Japan’s Nikkei 225 ...