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DAILY MARKET OVERVIEW
Today's Top Market Headlines – Oct 27, 2017
What a day: Tech jump pushes US stocks to new heights

Amazon and Alphabet give Nasdaq its biggest boost in 20 months

 

A day for the books! Amazon and Alphabet’s stellar earning reports shot Nasdaq the sharpest since march last year.

On another front the US of A saw it’s strongest consecutive quarters of GDP growth. Data showed the economy expanded 3% on a yearly basis, from an estimated 2.8%.

 

Here’s what caught our eye among stocks:

S&P 500 added 0.81% at 4:05 p.m. New York time.

Nasdaq 100 Stock sprung 2.91%.

Stoxx Europe 600 gained 0.55%.

FTSE 100 rose 0.25%.

DAX gained 0.64% to the highest on record.

 

A fairly uneventful FX trade:

The dollar climbed less than 0.05%.

The euro dipped 0.4% to $1.16, the weakest in 14 weeks.

The pound declined 0.3% to $1.3127.

 

Big stir ups in the commodity sector:

WTI crude rose 2.5% to $53.97 a barrel, the highest in about six months; Brent crude jumped 1.9% to $60.40, the highest in about two years.

Gold added 0.5% to $1,272.96 an ounce.