Asia Markets Mixed, Europe, Crude Oil, Gold And Dollar Cool Off - Global Markets Today While US Slept

On Thursday, November 8th, U.S. markets ended mixed after the Federal Reserve cut interest rates by 25 basis points, citing an eased job market and progress toward the 2% inflation target. Optimism over President-elect Donald Trump’s return lifted the S&P 500 and Nasdaq to record highs, with global markets rallying in response.

Financials led declines among S&P sectors, reversing strong gains from the previous session as bank stocks fell sharply.

The Federal Reserve cut rates by 0.25 points to a 4.5%-4.75% range, slowing the pace of easing from September’s 0.5% cut.

In economic data, U.S. initial jobless claims rose to 221,000 in late October, while Q3 nonfarm productivity increased by 2.2% and unit labor costs grew by 1.9%. Wholesale inventories fell 0.2% in September, and natural gas stocks climbed by 69 ...