Asia In Red, Europe Markets Gain; Crude Oil Rises 2.5% - Global Markets Today While US Slept

On Thursday, October 31st, U.S. markets closed lower as Microsoft and Meta highlighted rising AI-related costs that could affect future earnings, dampening optimism for megacap stocks that have driven this year’s rally. Meta and Microsoft shares both slipped despite beating earnings estimates, while Amazon and Apple reported strong quarterly results after market close, bolstered by growth in cloud services and iPhone sales, respectively.

According to economic data, U.S. initial jobless claims fell by 12,000 to 216,000 for the week ending October 26th, while the personal consumption expenditure price index rose by 0.2% in September, up from a 0.1% increase in August.

S&P 500 sectors fell, led by information technology, consumer discretionary, and real estate, while utilities and energy stocks closed higher.

The Dow Jones Industrial Average dipped 0.90% ...