Oil Prices Drop Over 6% As Supply Fears Ease; Asia And Europe market Up - Global Markets Today While US Slept

On Friday, October 25th, U.S. markets closed mixed, with the Nasdaq ending higher, boosted by megacap stocks such as Tesla, Amazon, Apple, and Microsoft, as investors looked ahead to key earnings reports.

Tesla’s upbeat sales forecast rekindled optimism in tech stocks, while chip giant Nvidia briefly surpassed Apple in market value. Rising Treasury yields and upcoming employment data fueled speculation on potential Fed rate cuts.

According to economic data, U.S. consumer sentiment rose to 70.5 in October, while durable goods orders fell 0.8% to $284.8 billion in September, matching August’s decline.

Most S&P 500 sectors closed lower, led by declines in financials, real estate, and utilities, while information technology and communication services outperformed, ending the session higher.

The Dow Jones Industrial Average dipped ...